TT&A advised Finnish Fund for Industrial Cooperation Ltd in the subscription to compulsorily convertible debentures issued by Transvolt Mobility Private Limited on a private placement basis, for an aggregate amount of INR equivalent of USD 15,000,000.

This deal will help Transvolt Group scale up its EV bus fleet portfolio to up to 3500 EVs in the next 5 years. 

TT&A Team: Gautam Saha – Joint Managing Partner & Nikhil Bahl – Partner; Ambika Sahai – Managing Associate and Radhika Sarda – Associate