TI Clean Mobility Private Limited
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TI Clean Mobility Private Limited - overview
Established
1949
Location
Chennai, Guindy, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in Chennai, Tamil Nadu, and founded in 1949, Tube Investments of India Limited, trading under the name, TI Clean Mobility Private Limited focused on the productive segment of the electric vehicle industry viz. , three-wheelers, tractors, and heavy commercial vehicles. The company is a subsidiary of Tube Investments of India Ltd. In February 2023, a consortium led by Multiples Alternate Asset Management, along with the State Bank of India and other unspecified investors invested USD 145.
7 million in TI Clean Mobility Private Limited. As of March 2023, the company has 42 distributors along with the service centers and is led by its 4 directors M A M Arunachalam, Vellayan Subbiah, Kalyan Kumar Paul, and Ashita Gupta. TI Clean Mobility Private Limited manufactures three-wheelers, tractors, and heavy commercial vehicles. The company plans to use the February 2023 investment to build electric commercial vehicle OEM.
Current Investors
Multiples Alternate Asset Management, State Bank of India, GEF Capital Partners
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.tiindia.com/
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
TI Clean Mobility Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | TI Clean Mobility Private Limited | - | ||||||||
| Buyout | Completed | TI Clean Mobility Private Limited | - | ||||||||
| Growth | Completed | TI Clean Mobility Private Limited | - |
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