Aavishkaar Capital invests Rs 12 cr in Jumps Auto Industries

Date: 21 Dec 2023

ESG First Fund, managed by Aavishkaar Capital (Aavishkaar), an Aavishkaar Group company and a global pioneer in taking an entrepreneurship-based approach to scaling businesses for impact, and set up in partnership with KfW, a German state-owned development bank, announced their third investment of Rs 12 cr (1.45 Million USD) from the ESG First Fund into Jumps Auto Industries (JAI), a global manufacturer of automotive components.

ESG First Fund is a USD 250 Mn fund from Aavishkaar Capital, focused on investing in Asia and Africa with the mandate of generating superior Environmental, Social and Governance (ESG) outcomes and commercially viable financial returns alongside positive social impact. The Fund was established with the primary objective of improving these areas especially along the supply chains serving the global markets.

Established in 1990 by founders Sanjay Malhotra and Joginder Malhotra, Jumps Auto Industries (JAI) is a fully integrated manufacturer and exporter, specializing in starter motors, alternators, and dynamo generators. With a global presence spanning across 50 countries, the company has solidified its position as a key player in the automotive industry.

The infusion of capital helps drive Jump Auto Industries (JAI) towards a more sustainable future, aligning with the growing demand for eco-conscious automotive solutions worldwide.

Commenting on the investment, Sanjay Malhotra, Promoter, Jump Auto Industries said, “As a leading integrated player we are poised for a multi-fold growth globally. We believe in our vision to drive this transformation. This securing funding from Aavishkaar Capital’s ESG First Fund will enable the company to execute its strategic plans, including expanding our product portfolio, advancing geographical reach, and fortifying our electric vehicle (EV) offerings. ”

Monu Jain, Partner-Credit, ESG First Fund, Aavishkaar Capital said, “We are excited to invest in Jumps Auto Industries and support them in their next phase of growth and to elevate their Environmental, Social, and Governance (ESG) practices. Aavishkaar Capital is excited to foray into structured credit products with the ESG First Fund and we look forward to empowering businesses with non-dilutive and flexible financial solutions that are better aligned to their growth needs.”


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