Mahindra Last Mile Mobility turns unicorn with Rs 322-crore fundraise

Mahindra Last Mile Mobility raised Rs 322 crore in a funding round led by Lightrock, along with IFC and the India-Japan Fund.

The fundraise valued the EV three-wheeler arm at Rs 10,822 crore, making it a unicorn.

Mahindra Last Mile Mobility is the electric three-wheeler subsidiary of Mahindra & Mahindra.