Monday, September 23, 2024

Monroe is raising $1B to finance EV parts suppliers

Monroe Capital is raising $1 billion to support EV parts suppliers. The new funding, announced today, will help businesses in the EV supply chain ramp up production as demand for EVs grows in 2024. Monroe will use the funds to lend to companies that produce key components like batteries, charging systems and power electronics. By […]

from
https://alltechmagazine.com/monroe-is-raising-1b-to-finance-ev-parts-suppliers/

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