IFC Fuels India’s EV Revolution: ₹160 Crore Boost for Transvolt
The International Finance Corporation (IFC) is significantly bolstering India’s electric vehicle (EV) sector. On July 18, 2025, IFC announced a US$ 20 million equity investment in Transvolt Mobility Private Limited.
This investment forms a crucial part of Transvolt’s larger US$ 50 million funding round. The move is expected to accelerate the company’s growth and expansion.
The funding will directly contribute to enhancing urban transport options across India. It aims to scale up domestic EV production and fortify the nation’s electric mobility infrastructure.
This strategic investment underscores the growing global interest in India’s burgeoning EV market. It’s a vital step towards achieving sustainable urban mobility and reducing carbon emissions, critical for India’s future.
