India’s EV Play
With a majority stake in Reva Electric Car Company, Mahindra & Mahindra now gets a better chance to join the global race to develop an electric car.
Anand Mahindra recalls bumping into an enthusiastic private equity investor at the World Economic Forum in Davos earlier this year. The moneyman had just made an investment in electric vehicle evangelist Shai Agassi’s firm Better Place–and couldn’t stop talking about it.
[Source & read more: Forbes.com]
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