Mahindra Electric has been looking for investors and other strategic partnershipsJapanese multinational conglomerate SoftBank is reportedly in preliminary talks with Indian emobility giant Mahindra Electric to formulate a strategic partnership.
However, SoftBank can help Mahindra Electric to push its EV solutions.
Babu added, “Mahindra Electric is a separate entity under the Mahindra group.
Right now, Mahindra and Mahindra is the major investor in Mahindra Electric and will continue to be.”Babu also noted that Mahindra Electric wants to provide complete mobility solutions and not limit itself to manufacturing electric vehicles (EVs).
Currently, Mahindra Electric is working on an electric three-wheeler Treo, battery packs, motors and a mobility solution platform Nemo. | To read full story, visit https://startuparound.com/read/1581314406.684726/SoftBank,-Mahindra-Electric-May-Ink-Partnership-To-Push-EV-Solutions?ref=audio_experience