Av Financing News Today

Tata Motors And HDFC Bank MoU: Under this partnership, Tata Motors customers can now seamlessly access HDFC Banks vehicle financing solutions through Tata Motors Online Sales Platform and the innovative Tata e-Guru mobile application.

Revfin: The platform is also targeting to achieve a topline of Rs 90 crore this fiscal on the back of expanded portfolio, which includes two-, three- and four-wheeler financing for commercial uses, CEO Samir Aggarwal said.

Montra Electric: This collaboration marks a significant milestone in the journey toward a sustainable future for the transportation sector as EV passenger vehicles recorded a 58 per cent growth, cargo vehicles registered 114 per cent year-on-year.

Commerce Chief EU Anti Subsidy Probe: The European Commission recently declared that it would investigate whether to impose tariffs to shield European producers from a "flood" of cheaper Chinese electric vehicle (EV) imports it says benefit from state subsidies.

Daimler India Financing: The bank has signed a Memorandum of Understanding with DICV, under which the bank will provide tailored financial solutions to dealers and an array of lending choices to retail customers and contractors.

Ascend Capital Fundraising: Cofounded in 2019 by Lokesh Chandra Mittal and Gaurav Maheshwari, the company has so far invested about INR 80 crore in its own business and has financed over 8,000 commercial EVs.

Despite the government’s push for electric vehicles, banks are reluctant to venture into the EV space due to issues like their resale value. But startups seem to have cracked underwriting EV loans.

The feedback loop conundrum facing private markets emerges as one of the main themes in the PEI report. GPs are seeking to avoid selling investments into a weak market, distributions are curtailed, leading LP allocations to private funds higher as a result and fundraising lower.

Cadwalader fund finance partner Brian Foster moderated panel on NAV financing at this year’s Global Symposium, evidencing growing relevance of NAV products in fund finance market. Secondaries and Continuations brought together industry experts to discuss Secondaries market.

As we look to what 2023 has in store, one common theme is continued increase in use of NAV financing products in U.S. and European markets. Several market participants noted rise in 2022 and expectations this will continue in 2023 as funds look to manage their liquidity.