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Mahindra Last Mile Mobility hits unicorn valuation, targets 2027 IPO
Mahindra Last Mile Mobility reached unicorn status after a Lightrock-led funding round, at a Rs 10,822 crore valuation. M&M plans to list the electric three-wheeler market leader in 2027 and use fresh capital to expand products and growth across India.
Reported figures
From the report. Source details below
| Electric three-wheeler penetration increased from 12% to | 40% |
|---|---|
| M&M Q1 FY27 standalone net profit: | Rs 3,685 crore, up 6.8% YoY |
| M&M Q1 FY27 revenue: | Rs 41,920 crore, up 23% YoY |
| Automotive volumes: | 304,000, up 23% YoY |
| SUV revenue market share: | 25% |
Also in the report
- 40% L5 electric three-wheeler market share