Garuda Aerospace has raised approximately INR 1 billion in a series B funding round led by Venture Catalysts. The company stated that the investment will support the scaling of its drone production capabilities and the development of an R&D and testing centre focused on advanced defence drone systems. According to Garuda Aerospace, the funding was […]
EKI Energy Services has announced an investment in Tvasta Manufacturing Solutions, a Chennai-based company engaged in additive manufacturing. The move involves a minor equity stake and is intended to generate returns on EKI’s surplus funds. The partnership is expected to be formalised by April 30, 2025. Founded in 2016 by Adithya Jain, Parivarthan Reddy, and […]
TVS Motor Company announced that its wholly owned subsidiary, TVS Motor (Singapore) Pte Ltd, has divested its stake in ION Mobility Pte. Ltd., a Singapore-based electric vehicle company. In exchange, TVS has acquired certain identified assets from ION Mobility for a net cash consideration of approximately USD 1.75 million. According to financial disclosures, ION Mobility […]
Samvardhana Motherson International Limited (Motherson) has approved an investment of up to INR 2 billion in its subsidiary, CIM Tools Private Limited, through the subscription of 9.25% Compulsory Convertible Debentures (CCDs). The investment, which will be executed in one or more tranches, is expected to increase Motherson’s shareholding in CIM Tools from 55% to approximately […]
Hyundai Motor India Ltd. (HMIL) has announced plans to establish and operate a tooling centre in India, following approval from its board of directors on March 24, 2025. The company intends to invest approximately INR 6.94 billion in the facility, which will focus on manufacturing stamping tools and panel production for vehicles. According to HMIL, […]
Hero MotoCorp has announced a strategic investment in Euler Motors, marking its entry into the electric three-wheeler segment. The company’s board has approved an investment of up to INR 5.25 billion (USD 63 million) in one or more tranches. The investment is aimed at strengthening Hero MotoCorp’s position in the expanding electric vehicle (EV) market. […]
Samvardhana Motherson International Limited (SMIL) has announced that its subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.), will invest between USD 5 million and USD 7 million in REE Automotive Ltd. According to a regulatory filing, the investment is aimed at maintaining SMRP B.V.’s existing ownership percentage in REE Automotive as the latter raises […]
Shivam Autotech Limited has approved a corporate term loan of INR 400 million to partially refinance existing debt and support working capital needs, according to a regulatory filing submitted to stock exchanges. The company, which manufactures precision components for vehicle manufacturers, has been managing industry challenges such as fluctuating raw material costs and changing market […]
Rangsons Aerospace has raised INR 3 billion (USD 36.5 million) in an investment round led by ValueQuest Investment Advisors, with Anand Rathi Advisors acting as the financial advisor. The funding aims to enhance the company’s operational capacity and facilitate growth into new business areas through strategic acquisitions. In January 2024, Rangsons Aerospace entered into a […]
Electric two-wheeler manufacturer Ultraviolette plans to invest up to USD 100 million over the next three to four years to expand its product portfolio, manufacturing capacity, and sales network. The company aims to achieve annual sales of 100,000 units within this period and expand its presence in India, Europe, and Southeast Asia. The company has […]