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IFC Approves $150 Million Loan to Support Otokoc’s Electric Vehicle Expansion in Turkiye
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IFC Approves $150 Million Loan to Support Otokoc’s Electric Vehicle Expansion in Turkiye
The International Finance Corporation (IFC), the private investment arm of the World Bank, has signed off on a $150 million loan for Otokoc Otomotiv, one of Türkiye’s biggest automotive retailers and car rental operators. The deal aims to speed up the company’s shift toward electric and hybrid vehicles while also creating jobs across Türkiye’s mobility sector. IFC funds Otokoc to expand electric fleet With the new funding, Otokoc plans to upgrad…
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