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BusinessJul 19, 2025 11:20 AM

IFC makes first ever equity investment in EV fleet platform

The International Finance Corporation (IFC) is investing $20 million in Transvolt Mobility, marking its first equity investment in an electric vehicle fleet platform. This investment aims to help Transvolt expand its fleet to 3,500 vehicles, creating 8,200 jobs over the next five years. It also supports India's clean mobility goals by deploying heavy commercial EVs across various sectors. International Finance Corporation (IFC) will provide $20 million equity investment in Transvolt Mobility, m ...Read More >

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