Luthra And Luthra Advised On The Largest Ever EV Asset Financing Deal In India
The Firm advised and acted for Power Finance Corporation Limited (PFC) in connection with financial assistance aggregating up to INR 6330.00 million sanctioned to Gensol Engineering Limited for financing acquisition of 5000 passenger EVs (electric four-wheeler cars) and 1000 cargo EVs (electric three-wheeler vehicles).
The passenger EVs will be operated by Blu-Smart Mobility on its ride hailing platform in and around Delhi NCR region, and the cargo EVs will be leased for last mile logistics/urban delivery.
The transaction team consisted of Partner, Girish Rawat, Managing Associate, Varun Chauhan and Associate, Ranjini Ghosh.