The total ongoing funding round would increase to around $500 million if ChrysCapital participates and other early investors including SoftBank Vision, Kedaara Capital and TR Capital are clocking a partial exit
The firm is aiming to deploy an additional 1,200 e-buses, which will require the establishment of more charging infrastructure, and is currently running e-buses on intercity routes under the NueGo brand
Manlift India has been operational since 2010 and has already invested up to 70 million euros in the country by replacing machinery of the equivalent amount
For the January-March quarter, the deal activity declined by 21 per cent by the value of investments to $13.3 billion as compared to the year-ago period