Mahindra Last Mile Mobility (MLMML) raised INR 322 crore in a funding round led by Lightrock, with participation from IFC and IJF, to enhance its leadership in the electric vehicle sector.
Amount Raised
₹3.22 Billion
Round Type
Venture
IndiaTransportationAutomotiveElectric VehicleInvestors
Description
Mahindra Last Mile Mobility Limited (MLMML) has raised INR 322 crore led by Lightrock. This funding is a testament to the investor confidence in the electrification of the last-mile mobility segment. The company aims to deploy 1 million EVs on Indian roads by 2031, expanding its market share in the L5 3W category.
Quick answer
Mahindra Last Mile Mobility Limited raised ₹3.22 Billion in a funding round, dated July 31, 2026. Investors: International Finance Corporation, Lightrock and India Japan Fund. Mahindra Last Mile Mobility Limited is based in India.
- How much did Mahindra Last Mile Mobility Limited raise?
- Mahindra Last Mile Mobility Limited raised ₹3.22 Billion in a funding round on July 31, 2026.
- Who invested in Mahindra Last Mile Mobility Limited?
- International Finance Corporation, Lightrock and India Japan Fund are named as investors in this round.
- What does Mahindra Last Mile Mobility Limited do?
- Mahindra Last Mile Mobility Limited (MLMML) is Mahindra & Mahindra Ltd.'s last-mile mobility business.
- Where is Mahindra Last Mile Mobility Limited based and how big is it?
- Mahindra Last Mile Mobility Limited is based in India. Fundz records about 1,500 employees.
- Who are the decision-makers at Mahindra Last Mile Mobility Limited?
- Fundz holds 2 contacts at Mahindra Last Mile Mobility Limited, including the Chief Platform Head. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Mahindra Last Mile Mobility Limited that raised within 45 days of this round, from Fundz verified event records.
- Arc Ride raised $33M on September 8, 2026.
- Aampere raised $4.8M (Seed) on July 23, 2026.
- EV24.africa raised an undisclosed amount on July 16, 2026.
- Omoway raised an undisclosed amount (Series A) on July 2, 2026.
- Nuvve raised $280K on September 10, 2026.
- FRYTE Mobility raised $4.1M (Seed) on September 9, 2026.
Who to call at Mahindra Last Mile Mobility Limited, and when
A new round usually means Mahindra Last Mile Mobility Limited is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mahindra Last Mile Mobility Limited raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mahindra Last Mile Mobility Limited, from your own LinkedIn network
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Related People
Mahindra Last Mile Mobility Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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