GEF Capital completed a $25m investment in Electrodrive Powertrain Solutions.

GEF Capital, a private equity firm, completed a $25m investment in Electrodrive Powertrain Solutions, a provider of components and powertrain solutions for electric vehicles. The Pune-based player looks to deploy the fresh capital towards expanding its product portfolio across electric three and four-wheelers, agricultural applications and other EV segments to serve both domestic and international manufacturers and automotive suppliers. Additionally, it plans to bolster its design, testing and prototyping capabilities apart from increasing its production capacity.