The company will give $100 million to JBM ECOLIFE and $37 million in mixed equity-debt funding (mezzanine capital) to GreenCell, backed by Eversource Capital.
GreenCell Mobility, a startup in shared electric mobility, has Secured debt financing from the state-owned REC, formerly known as Rural Electrification Corporation Limited, totaling INR 3,000 crore.
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![[Funding alert] GreenCell Mobility Secures INR 3,000 Cr Debt Funding From REC](https://img-cdn.publive.online/fit-in/580x348/filters:format(webp)/viestories/media/post_attachments/wp-content/uploads/2023/07/Devndra.webp)