Tata Motors Limited has announced an additional investment of ₹120 crore in Freight Commerce Solutions Private Limited, commonly known as Freight Tiger, marking the second major capital infusion into the digital freight platform.
The investment comprises ₹120 crore through subscription of Series C Compulsorily Convertible Preference Shares and an additional ₹14 crore for acquiring 49,500 equity shares from existing shareholders. Following the transaction, Tata Motors is expected to hold between 42% and 46% stake in Freight Tiger on a fully diluted basis.
This builds upon Tata Motors’ initial ₹150 crore investment in October 2023, bringing the company’s total commitment to ₹270 crore. The cumulative investment reflects the deepening collaboration between India’s largest commercial vehicle manufacturer and the digital logistics platform.
The fresh capital will support Freight Tiger’s development of artificial intelligence-powered solutions aimed at enhancing operational efficiency and business intelligence in the logistics sector. The company plans to launch several AI-driven innovations in the fourth quarter of 2025, including a Vehicle Supply Density Platform and a Next-Generation Dispatch Planning and Procurement Module.
TV Swaminathan, Vice President and Head of Digital Business at Tata Motors Commercial Vehicles, described the investment as part of efforts to create an integrated logistics ecosystem. The partnership aims to combine Tata Motors’ truck infrastructure with Freight Tiger’s digital freight network.
Freight Tiger operates a cloud-based Transportation Management Software platform serving corporate shippers and a marketplace application connecting fleet owners with logistics service providers. The company currently processes approximately 5% of India’s total freight movement, connecting over 450 shippers with more than 2,600 logistics providers across 140,000 locations.
The platform’s client portfolio includes major Indian corporations across steel, cement, fast-moving consumer goods, automotive, and e-commerce sectors, such as Saint-Gobain, JSW Steel, Asian Paints, Amul, Birla Pivot, Apollo Tyres, and Zepto.
According to regulatory filings, Freight Tiger reported revenue from operations of ₹26.6 crore in FY25, representing growth from ₹17.8 crore in FY24 and ₹18.9 crore in FY23. The company maintains an authorized share capital of ₹10.05 crore.
Founded in 2014 and headquartered in Mumbai, Freight Tiger has been classified as an associate company of Tata Motors. The transaction was completed on September 30, 2025, and did not require governmental or regulatory approvals.
Swapnil Shah, Founder and CEO of Freight Tiger, stated the company aims to handle 20% of India’s freight by 2028. The partnership with Tata Motors is positioned as part of efforts to build digital infrastructure for logistics operations across the country.
The transaction was disclosed to stock exchanges in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.