EKA Mobility
EKA Mobility is a Pune-based manufacturer of electric commercial vehicles — buses (7m/9m/12m and intercity coach variants), heavy-duty electric trucks, and electric small commercial vehicles (SCVs). It operates as Pinnacle Mobility Solutions Pvt Ltd, a subsidiary of automotive components maker Pinnacle Industries, with manufacturing plants at Koregaon Bhima and Chakan (Pune) and a third plant coming up at Pithampur, Madhya…
EKA Mobility: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 17 Oct 2025 | Series A | ₹500 Cr (US$ 57 Mn) | NIIF India-Japan Fund | source |
| 23 Jun 2025 | Private Equity | ₹200 Cr (~$23 Mn) | Enam Holdings | source |
| 21 Jun 2024 | Corporate/Strategic | ₹200 Cr | Mitsui & Co | source |
Recent Signals
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9 Apr 2025 · financial
CARE Ratings: Mitsui invested ₹600 Cr (preference shares) and VDL ₹222.74 Cr in EKA parent PMSPL through FY24-9MFY25 source -
24 Nov 2024 · funding
EKA Mobility gets reported "last tranche" of ₹1,000 Cr from Mitsui and VDL Groep to more than triple capacity source -
27 Dec 2023 · funding
EKA Mobility signs $100M phased-investment & technology partnership with Mitsui and VDL Groep source
News on EKA Mobility
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Who founded EKA Mobility?
EKA Mobility was founded by Sudhir Mehta in 2019.
How much funding has EKA Mobility raised?
EKA Mobility has raised $104.13 Mn across 3 tracked funding round(s), most recently on 2025-10-17. Figures are compiled from cited public sources.
Who are the investors in EKA Mobility?
Investors in EKA Mobility include NIIF India-Japan Fund, Enam Holdings, Mitsui & Co.
What does EKA Mobility do?
EKA Mobility is a Pune-based manufacturer of electric commercial vehicles — buses (7m/9m/12m and intercity coach variants), heavy-duty electric trucks, and electric small commercial vehicles (SCVs). It operates as Pinnacle Mobility Solutions Pvt Ltd, a subsidiary of automotive components maker Pinnacle Industries, with manufacturing plants…
Where is EKA Mobility headquartered?
EKA Mobility is headquartered in Pune, Maharashtra, India.
What is EKA Mobility's business model?
EKA Mobility's core value proposition centers on In-house engineered electric commercial vehicle platform, Diversified product range across bus, truck and SCV segments, Global technology and manufacturing backing.
How does EKA Mobility make money?
EKA Mobility's cited revenue streams include Outright sale of electric buses (B2G and B2B), Outright sale of electric SCVs to private customers.