Praveen Raju and Janhavi Joshi led the team that assisted MLR Auto, an electric three wheeler manufacturer, with the investment by Ampere Vehicles into MLR Auto, amounting to a 26% stake in MLR. The deal marks the Energy, Renewables & Sustainability team’s sixth M&A deal in 2021.
The investment into MLR by Ampere will boost Ampere Vehicles’ ability to provide mass mobility solutions to tackle the persistent last-mile connectivity issues than plague modern urban transportation – by increasing Ampere’s manufacturing capabilities in both the E-2W (electric two wheelers) and E-3W (electric three wheelers) segments.
The Spice Route Legal team combines their M&A experience in the sector, with deep regulatory expertise. The team has advised on over 8 deals in the energy and renewables sector in 2021 and has advised one of the biggest German manufacturers of automobiles, on the roll out of EVs and battery swapping, as well as on the larger EV regulatory ecosystem, in the country.