EV startup Pinnacle Mobility in talks to raise $100-M

Pune-based electric vehicle startup Pinnacle Mobility Solutions is in talks with several global ESG funds, growth funds and a couple of sovereign wealth funds to raise USD 100 million (more than INR 750 crore) for its entry into the electric bus segment. The funding would aid the company to expand its installed manufacturing capacity at Pithampur, Madhya Pradesh, and set up a new plant as well.