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TI Clean Mobility raises ₹250 crore Series C from parent Tube Investments to scale electric mobility operations.
Amount Raised
₹2.5 Billion
Round Type
Series C
IndiaManufacturingEnergyRenewable EnergyAutomotiveInvestors
Description
Tube Investments of India Limited has subscribed to ₹250 crore in its electric mobility subsidiary, TI Clean Mobility Private Limited, through a Series C Compulsorily Convertible Preference Shares issuance. The parent company was allotted 2.5 crore shares at ₹100 face value each. The funding will support TICMPL's operational scale-up in the clean energy and EV transport segments. This represents Tube Investments' continued commitment to fund the EV subsidiary's growth and bridge operational losses.
Fundz sees it the moment TI Clean Mobility Private Limited raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
TI Clean Mobility Private 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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