KKR has made an investment of $310 million in PMI Electro Mobility, a manufacturer of e-buses); and Allfleet, a subsidiary of PMI that owns and operates e-bus concessions.
Trilegal advised PMI Electro Mobility on this transaction.
The transaction team consisted of Nayantara Nag (Partner), Vaibhav Kothari (Partner), Aayush Kumar (Partner), Shouri Bhat (Counsel), Arpita Chanana (Senior Associate) and Ravisha Seth (Senior Associate).
Aparna Mehra (Partner), Gautam Chawla (Partner), Krithika Ramesh (Counsel), Kshitij Sharma (Senior Associate), Madhav Kapoor (Senior Associate), Associates Sarthak Mishra and Umang Chaturvedi.
AZB & Partners advised KKR on this investment.
The transaction team consists of Ashwath Rau (Senior Partner), Atreya Bhattacharya (Senior Partner), Vyjayanthi Raghu (Senior Associate), Heena Ladji (Senior Associate), Raina Upadhyay (Senior Associate), Associates Shubhalakshmi Bhattacharya, Aditya Bamb, Vaishnavi Patel, Tansa Shah and Harsh Gupta.
The projects team consists of Anuja Tiwari (Senior Partner), Mallika Anand (Partner), Rhea Ghanshani (Senior Associate), Aman Raj (Senior Associate), Associates Antra Shourya, Noor Dewan, Jiyaa Saluja and Rudra Parmar.
The antitrust team consisted of Bharat V Budholia (Senior Partner), Kirthi Srinivas (Partner), Varun Thakur (Senior Associate), Associates Ashna Mahajan, Shivangi Pradhan and Arth Doshi.
The employment law team consisted of Nishanth Ravindran (Partner), Ankit Dutta (Senior Associate) and Apurva Vats (Associate).
Incorporated in 2017, PMI Electro Mobility is India’s leading electric commercial vehicle manufacturer. With a cutting-edge production facility in Delhi-NCR, PMI Electro offers an extensive product portfolio, including 7-meter, 9-meter, 12-meter models and school bus. To date, over 3,000 of these e-buses are actively transforming public transport across 33 cities in India.
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