Mahindra Last Mile Mobility Secures ₹322 Cr to Accelerate EV Growth

Mahindra Last Mile Mobility (MLMML) has raised ₹322 crore from Lightrock, IFC, and IJF at a valuation of ₹10,822 crore, strengthening its growth capital for the electric mobility business. Following the investment, Mahindra & Mahindra's stake will reduce to 75.79%, while retaining majority control. The company continues to deliver strong operational momentum, reporting 85% YoY volume growth in Q1 FY27. Having crossed 100,000 EV sales in FY26 and commanding around 40% market share in the L5 electric three-wheeler segment, MLMML remains well-positioned to capitalize on India's accelerating EV adoption.