January 11, 2023
Exor makes investment into ‘myTVS’
Exor Co-invest Fund I ILP (“Exor Capital”) participated in the Series C investment round in ki Mobility Solutions Private Limited (“Ki Mobility”). Ki Mobility’s automotive digital platform, myTVS, is a leading automotive aftermarket business company. Ki Mobility raised a total of INR 690 crores in Series C investment round in which, apart from Exor Capital, Castrol India also invested.
Exor Capital has diverse investment portfolio which includes Ferrari, Juventus Football Club and Christian Louboutin amongst others. The Series C investment by Exor Capital in Ki Mobility is its second investment in Ki Mobility after making an investment of INR 375 crores in 2021.
We, at Nishith Desai Associates, acted as the India counsel to Exor Capital and advised on the legal, tax and regulatory aspects of the transaction.