The record
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- Mahindra Last Mile Mobility has reached unicorn valuation status and has confirmed plans for an IPO in 2027.
- The company noted that electric three-wheeler penetration has risen sharply from 12% to 40%, helped by favourable economics, rising demand and supportive policy measures.
- This reflects growing momentum in India's electric last-mile transport sector and could make the firm a notable listing to watch.
What to watch next
- Progress toward the planned 2027 IPO
- Further growth in electric three-wheeler penetration beyond 40%
- Continuation of supportive policy measures for electric three-wheelers
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Named India · Mahindra Last Mile Mobility
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