TT&A advised IFC in the proposed subscription to compulsorily convertible debentures and an equity share to be issued by Transvolt Mobility Private Limited on a private placement basis for an aggregate amount of INR equivalent of USD 20,000,000.

This is IFC’s first equity investment in an EV fleet platform in India and globally.

TT&A Team: Gautam Saha – Joint Managing Partner; Nikhil Bahl – Partner; Ambika Sahai – Managing Associate; Kashish Singhal & Prerna Raturi – Senior Associates and Radhika Sarda – Associate