Firm Matters

Khaitan & Co acted as advisors to Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group, who through its Private Credit Fund committed INR 750 crores to JBM Ecolife Mobility, the electric mobility platform of listed auto components maker JBM Auto. The fund raise is a combination of structured debt and equity-linked capital.  The capital infusion is expected to enhance the company's ability to participate in large electric bus tenders and execute existing contracts. It is the largest domestic investment in electric mobility till date.

The Firm assisted the Motilal Oswal Private Credit team on the diligence to be carried on the JBM group entities; drafting, reviewing, negotiating, and finalizing the transaction documents; and providing industry specific advisory towards successful closure of the transaction.

Motilal Oswal Alternate announced the second close of its maiden private credit fund, India Credit Excellence Fund - I (“the Fund”), at INR 2,438 crores. The Fund, launched in January 2026, targets a total corpus of INR 3,000 crores including green shoe.