Mahindra & Mahindra to invest USD27.5 million in Zoomcar
Zoomcar raised USD40 million in latest funding round
Mahindra & Mahindra (M&M) will invest INR1.76 billion (around USD27.5 million) in Zoomcar Inc to acquire 16% equity stake in the India-based self-drive car rental start-up, the Indian automaker said in a press release on 15 February.
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