Anagram Partners acted as legal counsel to the India-Japan Fund, a fund managed by National Investment and Infrastructure Fund Limited, on its INR 500 crore investment in EKA Mobility supporting India’s transition to sustainable commercial transportation
India-Japan Fund (“IJF”), a fund managed by National Investment and Infrastructure Fund Limited (“NIIF”), has announced an investment of INR 500 crore in EKA Mobility, a electric vehicle manufacturer focused on commercial vehicles.
NIIF is India’s sovereign-anchored alternative asset manager with approximately USD 4.9 billion in equity capital commitments across four strategies —Infrastructure, Private Markets, Growth Equity, and Climate Investments.
IJF is NIIF’s first bilateral fund with a corpus of INR 4,900 Crore, with the Government of India contributing 49% and the remaining 51% contributed by the Japan Bank for International Cooperation.
EKA is an automotive & technology company focused on commercial electric mobility, backed by Mitsui and VDL Groep.
Anagram Partners acted as the legal counsel to IJF on this transaction along with the NIIF legal team. The Anagram team was led by our Partner, Simone Reis and comprised Shwetank Chaubey, Anupam Nayak and Harsh Raj.
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