Private Equity PE-VC Fund Investments
E-bus maker EKA Mobility raises Rs.500-Cr from NIIF’s India-Japan Fund
Source EKA (opens in a new tab)Yourstory (opens in a new tab)
Pune-based electric bus maker EKA Mobility has raised INR 500 crore from the National Investment and Infrastructure Fund (NIIF) managed India-Japan Fund (IJF).Founded in 2019 by Sudhir Mehta, EKA , a subsidiary of Pinnacle Industries, develops and manufactures electric commercial vehicles including buses, trucks, and small commercial vehicles designed for public transportation, long-haul logistics, and last-mile delivery.The new funds will be used to expand its manufacturing capacity, advance research and development initiatives and improve its supply chain infrastructure.
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Between Oct 2023 and Jun 2025, Eka Mobility had attracted about USD 123 M from Mitsui PE, Volrado Ventures and others.For FY25, Eka Mobility had reported about INR 234 Cr in Operating Income and about INR 73 Cr in Net Loss.