Magenta Mobility is amongst the largest providers of electric mobility solutions for last mile delivery. The company specializes in the electrification of logistics and last-mile delivery – the journey from a distribution centre to a home or business. Magenta Mobility has a presence across seven major cities with 750+ fleet and 35 +charging hubs. The company applies an eco-system approach to provide solutions to all – customers, driver partners, OEMs and financiers. The company plans to expand their fleet to 4,000 3 & 4 wheelers EVs across the country over the next year.
Edelweiss Financial Services has successfully closed a transaction of INR 1,760 mn (c.US$ 22mn) as the Exclusive Sell-Side Advisor to Magenta Mobility for the Private Equity Fund Raise (Series A1).
Edelweiss Financial Services
Advised in the sale of
Magenta Mobility
to