British International Investment to invest $250m in the four-wheel passenger electric vehicles subsidiary of Mahindra & Mahindra.

British International Investment, the UK’s Development Finance Institution and impact investor, agreed to invest $250m in the four-wheel passenger electric vehicles subsidiary of Mahindra & Mahindra, a multinational automotive manufacturing corporation. “Climate change is one of the biggest challenges of our time. The investment into Mahindra’s EV business is in line with our decarbonization strategy and focus of supporting sustainable business models that create new jobs, particularly for women. We are delighted to be backing Mahindra to execute on their compelling EV strategy and ambition and crowd in other like-minded investors in the future,” Samir Abhyankar, British International Investment Managing Director and Head of Direct Private Equity.