Tata Motors, Tata Motors Finance Group in strategic tie-up with Kool-ex Cold Chain

In a first of its kind transaction, Tata Motors along with Tata Motors Finance Group entered into strategic tie-up with Kool-ex Cold Chain Limited – a leading Pharma Cold Chain Logistics Service Provider to supply 200 fully built reefer trucks manufactured by Tata Motors.

Developing a unique one stop solution for Kool-ex Cold Chain Ltd, this tie up includes manufacturing of the specially built pharma compliant reefer trucks which will be covered under the Tata Sampoorna Seva umbrella of value added services and a complete funding plan by TMF Group with a mixture of equity and debt, making the entire transaction a single window structure. The reefer units used for this deal will be built on the popular Tata LPT 1613 MCV trucks and the Tata LPT 2518 Multi axle truck.

Shyam Mani - MD, Tata Motors Finance Group – “We are elated to be a part of this one of a kind tie up to provide complete financing solutions to Kool-ex Cold Chain Limited. As a part of this tie up, we will not only be providing vehicle financing through Tata Motors Finance Limited (TMFL) but will also provide mezzanine equity financing to the company through Tata Motors Finance Solutions Limited (TMFSL), making this a structured financing deal. We are confident that this complete package will deliver the best for all companies who are a part the deal and will lay a strong foundation for a continued association ahead.”  

Kool-Ex which has over 21 years of experience in this segment is all set to become one of the largest Pharma Cold Chain Logistics Service Provider in the country, with this partnership. Kool-ex will also shortly enter the Cold Chain warehousing segment, with its first commercial project likely to come up near Pune along with foray into last mile deliveries, thereby making it a completely integrated 3PL Cold Chain Logistics Service Provider.

Source: Tata Motors