Economy
Mahindra Last Mile Mobility Turns Unicorn After Rs 322 Crore Funding
Moneycontrol1h
THE BRIEF
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Mahindra Last Mile Mobility achieved unicorn status on July 30, 2026, following a fresh infusion of Rs 322 crore, valuing the electric vehicle arm at Rs 10,822 crore.
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The company confirmed that this capital will support its expansion plans ahead of a targeted initial public offering (IPO) scheduled for the second half of 2027.
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This funding round marks a significant milestone for the firm's strategy to dominate the electric three-wheeler market in India through its integrated platform approach.