Mahindra Electric Automobile Limited
The official page of Mahindra Electric Automobile Limited, the electric passenger vehicle company of Mahindra group.
The official page of Mahindra Electric Automobile Limited, the electric passenger vehicle company of Mahindra group.
Mahindra Electric Automobile Limited (MEAL) is the electric passenger vehicle company of the Mahindra group, a renowned multinational federation of companies founded in 1945. With a staggering workforce of 2,56,000 people across 100 countries, Mahindra boasts a USD 19.4 Billion valuation, solidifying its position as a global leader. The group's ambitious Born Electric Vision unveiled in August 2022, aligns with its goal of spearheading the Electric Automotive Space. The grand India launch on the 10th of February 2023 marked the commencement of the group's drive towards electrification, with MEAL leading the revolution for electric SUVs.
The latest significant milestone for MEAL came in the form of a INR12.00B Private Equity Round investment on 03 August 2023, attracting Temasek Holdings as the key investor. This substantial investment fuels the company's electric mobility pursuits, amplifying its influence in the Indian and global electric vehicle markets.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Private Equity Round | INR12.00B | 1 |
|
03 Aug 2023 |
| Funding Round | INR19.25B | 1 |
|
07 Jul 2022 |
No recent news or press coverage available for Mahindra Electric Automobile Limited.
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