Switch Mobility and Dana form strategic agreement with $18M investment

Switch Mobility, the EV arm of Ashok Leyland, announced a strategic agreement with Dana Incorporated. Dana will invest $18 million for a 1% stake and become a preferred supplier of electric drivetrain components.

“Dana will make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company’s e-bus and EV commercial vehicle offering.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comAshok Leyland's EV arm Switch Mobility, Dana announce tie-up - The HinduBusinessLineOur BureauJul 30, 2021

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