JSA advised ki Mobility Solutions Private Limited (Ki) and its promoter TVS Automobile Solutions Private Limited, on Ki’s Series C fund raise. The round saw participation from incoming investor Castrol Limited (Castrol) and existing investor Exor Co-invest Fund I ILP (funding arm of Exor NV). As part of the round Ki and Castrol entered into supply, brand, and technology arrangements to create a co-branded service and maintenance network and B2C aftermarket network in India.
ki Mobility is a part of the TVS group, one of the large players in the India automotive industry and houses all the recent acquisitions of the TVS group in the Indian automotive aftermarket. It is a digital platform aggregating 24/7 emergency roadside assistance; multi brand passenger car services; multi brand commercial vehicle services; and parts supply. Castrol is part of Castrol Limited UK (part of BP Group). It is engaged in the business of manufacturing and marketing of automotive and industrial lubricants and related services. Exor NV is a global investment and holding company and is a key/largest shareholder in Stellantis, Ferrari and CNH Industrial, global reinsurer PartnerRe, the football team Juventus F.C. and the international newspaper The Economist.
Trilegal acted as the legal counsel for Castrol and Nishith Desai acted as the legal counsel for Exor.
JSA Transaction Team Comprised of Joint Managing Partner – Vivek K Chandy, Partner – Rishabh Gupta, and Associate – Aishwarya Gupta.
JSA Competition Team Comprised Partner Head of Practice (Competition Law) – Vaibhav Choukse and Senior Associate – Nripi Jolly.