Tube Investments of India Limited has subscribed to ₹250 crore in its electric mobility subsidiary, TI Clean Mobility Private Limited, through a Series C Compulsorily Convertible Preference Shares issuance. The parent company was allotted 2.5 crore shares at ₹100 face value each. The funding will support TICMPL's operational scale-up in the clean energy and EV transport segments. This represents Tube Investments' continued commitment to fund the EV subsidiary's growth and bridge operational losses.
Company Information
Company
TI Clean Mobility Private Limited
Location
India
About
Tube Investments of India Limited is a diversified engineering company transitioning into clean energy and electric mobility. The company operates through its subsidiary TI Clean Mobility Private Limited (TICMPL), which manufactures electric passenger three-wheelers, tractors, and electric heavy commercial vehicles. With a consolidated revenue of ₹6,215.33 crore in Q1 FY27, TII is pursuing a 'TI-2' diversification strategy to become a clean energy and EV conglomerate.
Fundz sees it the moment TI Clean Mobility Private Limited raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
IndiaManufacturingEnergyRenewable EnergyAutomotive