Bain looks to drive into JBM Auto’s EV biz
Mumbai: Bain Capital is reportedly engaged in talks with JBM Auto, the market leader in India's electric vehicle sector, to acquire a significant minority stake in its electric vehicle manufacturing unit. This move aims to provide growth capital support and hasten the transformation of JBM Auto from a traditional auto parts manufacturer to a comprehensive clean energy mobility platform.
Bain is prepared to invest up to ₹2,850 crore ($300 million) in JBM's unit, though the exact stake size and deal structure are yet to be determined. The US private equity firm is also open to potential joint control of the business. The talks are further exploring the possibility of forming an omnibus holding company that would encompass JBM Auto's EV businesses, which could allow Bain to take a more substantial minority stake.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
