Strange story of a company with investment from Usain Bolt and little-known Indian firm

In the future, it’ll doubtless be made into a Netflix series or film.

For, it has all the ingredients of a thriller. Bolt Mobility, the micromobility startup co-founded by 8-time Olympic gold medalist Usain Bolt. Bolt Mobility had raised $40.2 million, along with an undisclosed investment from Chennai-based Ram Charan Company in India in May this year. There is very little that is known about this Ram Charan company, except for the fact that the US-based fund TFCC International had announced an investment of $4.14 billion in its last December. The deal valued the Chennai-based chemicals distributor at around $9 billion. But there is hardly any info on the financial and business details of Ram Charan and the reason for the big-bang investment. It all seemed too shady.

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