Norwest Invests Rs 750 Crore in Padmini VNA Group to Boost Sustainable Mobility Innovations

Norwest has acquired a minority stake in Padmini VNA Group, an automotive innovator, for Rs 750 crore. The deal aims to enhance clean and connected mobility solutions and support their global expansion. Padmini VNA boasts over 100 patents and a robust R&D workforce.

Padmini VNA Group, a frontrunner in automotive innovation and sustainable mobility, has announced that global venture firm Norwest has acquired a minority stake in the company, valuing the investment at Rs 750 crore.

This strategic partnership between PVNA and Norwest is set to fast-track the development of clean and connected mobility solutions, reinforcing the group's leadership position in high-growth sectors and furthering its global market reach.

With a rich history in automotive advancements since its founding in 1991, Padmini VNA Group continues to pioneer in creating next-generation mobility technologies, supported by a robust in-house R&D team and over 100 patents.