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India

TI Clean Mobility, India raises INR 30 billion for its EV platform

On February 25, TI Clean Mobility Private Limited (“TICMPL”), a wholly owned subsidiary of Tube Investments of India Limited (“TII”), signed definitive documents with TII, Multiples Private Equity Fund III (“Multiples”), State Bank of India (“SBI”) along with other co-investors to raise capital up to INR 19.5 billion....

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