Penetrating Deeper in Middle East Market: Binmile Opens New Office in Dubai
Penetrating Deeper in Middle East Market: Binmile Opens New Office in Dubai
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Penetrating Deeper in Middle East Market: Binmile Opens New Office in Dubai
The investment has been made through the Performing Credit Fund (PCF), a sector-agnostic fund of Piramal Alternatives, which caters to the capital needs of mid-market companies, the company said.
The freshly raised capital will bolster company's business expansion and sustainability issues, PMI Electro Mobility said in a statement.
PMI Electro Mobility Solutions has raised $30 million in the form of convertible securities from Piramal Alternatives.
The funds are planned to be strategically utilised in developing innovative solutions, bring technological advancements to the company's production capabilities and scale its operations.