NIIF-backed India-Japan Fund completed a $120m investment in Mahindra Last Mile Mobility.

NIIF-backed India-Japan Fund, an investment fund, completed a $120m investment in Mahindra Last Mile Mobility, a commercial vehicles manufacturer. "The fund's investment in MLMML not only underlines our dedication to promoting sustainable and innovative mobility solutions, but also strengthens the partnership between India and Japan in high-growth sectors. Together with our partners JBIC, we believe that our investment in MLMML should yield transformative results in the last-mile mobility domain, driving economic growth, generating employment and ensuring environmental sustainability," Krishna Kumar G, IJF Partner.