TI Clean Mobility Private Limited (TICMPL), a subsidiary of Tube Investments of India Limited (TII) announced its entry into the largest segment of commercial vehicles in India with its fourth Electric Vehicle platform. TICMPL will float a new subsidiary company to commercialize eSCV (electric small commercial vehicles). In this regard, TICMPL entered into an agreement…
Tube Investments of India Limited announced that it has recently entered into clean mobility, electronics and alternate fuels. “In line with our strategy, the Company has identified contract development and manufacturing organization (CDMO) and active pharmaceutical ingredients (API) as its new line of businesses with the potential to grow and expand,” according to the statement.…
TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube Investments of India Limited (TII), has signed definitive documents with TII, Multiples Private Equity Fund III (Multiples), State Bank of India (SBI) along with other co-investors to raise capital up to Rs. 1950 Cr. in the form of Equity and CCPS. The total…
Tube Investments of India Limited announced it has formed a 100% subsidiary viz. TI Clean Mobility Private Limited (‘TICMPL’) to consolidate and focus on its clean mobility ventures. TICMPL has existing interests in 3-wheeler electric vehicle and electric tractors (operated through its subsidiary Cellestial E-Mobility Private Limited). ln line with its vision to pursue clean…
Tube Investments of India Limited announced the acquisition of 70% stake in Cellestial E-Mobility Private Limited (Cellestial) for Rs 161 crores. Cellestial is a start-up company engaged in design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. According to the company’s exchange filing, “The proposed investment is in line…