Mega Motor Company Secures Financing from BII for Pakistan's First Large-Scale NEV Plant
Mega Motor Company (MMC) has signed a financing agreement with British International Investment (BII) to establish Pakistan's first large-scale NEV manufacturing plant. BII will provide long-term financing covering 25% of the project's total cost. The facility is expected to be operational by H2 2026, aiming to enhance clean transport and create over 1,100 jobs while avoiding an estimated 165,000 tonnes of CO₂ emissions by 2034.
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Mega Motor Company (MMC) has entered into a financing agreement with British International Investment (BII) to establish Pakistan's first large-scale NEV manufacturing plant. Under the deal, BII will provide long-term foreign currency financing for 25% of the project's total cost.
The plant is set to become operational in H2 2026, utilizing advanced automation and manufacturing systems. This project aims to address air quality issues in Pakistan, where the transport sector contributes significantly to GHG emissions.
The NEV initiative is expected to create over 1,100 jobs and avoid approximately 165,000 tonnes of CO₂ emissions by 2034. The collaboration focuses on implementing strong ESG practices, including labor standards and supply-chain management.
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