Ad
Ad

EKA Mobility, known for its innovative electric vehicle (EV) solutions, has secured a second tranche investment from Mitsui & Co., a prominent global trading and investment company. This investment aims to strengthen EKA Mobility's manufacturing capabilities, accelerate new product development, expand market reach, and provide essential working capital.
In December 2023, EKA Mobility, Mitsui & Co., and VDL Groep initiated a strategic partnership involving a joint investment totaling $100 million (~INR 850 crore). This collaboration focuses on enhancing India's role as a leading Original Equipment Manufacturer (OEM) in the EV industry. VDL Groep, renowned for its expertise in electric buses and coaches, will transfer crucial technology to EKA Mobility for local production in India.
Dr. Sudhir Mehta, Founder of EKA Mobility, expressed confidence that the continued investment support will accelerate growth, hasten the introduction of innovative EV solutions, and further their goal of fostering a sustainable transportation ecosystem.
EKA Mobility's order book has seen a significant upsurge, with orders exceeding 1,000 electric buses and 5,000 electric light commercial vehicles. The growing demand for EKA buses in major Indian cities like Delhi and Mumbai underscores their leadership in the EV market.
Hiroshi Takeuchi from Mitsui highlighted EKA Mobility's robust growth and innovation in the EV sector. He emphasized Mitsui's commitment to leveraging its global network to promote EKA's competitive products in international markets.
With this latest investment, EKA Mobility is assured to consolidate its position as a frontrunner in the global EV industry, driving sustainable mobility solutions forward.
Also Read: Tata Motors Launches Fleet Verse Digital Platform for Commercial Vehicles
EKA Mobility's second tranche investment from Mitsui marks a pivotal moment in its journey towards becoming a global leader in EV manufacturing. With strengthened manufacturing capabilities and expanded market reach, supported by Mitsui's strategic investment, EKA is well-positioned to meet the rising demand for electric vehicles. This partnership underscores their commitment to innovation and sustainability, promising a greener future for transportation worldwide.
Force Motors Shocks Industry with 59% Sales Growth - Here’s What Drove It
Force Motors posts 59% domestic sales growth in November 2025, driven by strong Urbania and Trax demand, rural mobility boost, and steady Traveller and Monobus performanc...
04-Dec-25 04:36 AM
Read Full NewsOSM Unveils India’s First Autonomous Electric Cargo Three-Wheeler at ₹4.15 Lakh
OSM introduces India’s first autonomous electric cargo three-wheeler, Swayamgati Cargo, with advanced AI tech, 120 km range, and industrial applications at ₹4.15 lakh....
02-Dec-25 09:01 AM
Read Full NewsExponent Energy Opens Bengaluru’s First Retail Store for Rapid-Charging EV Three-Wheelers
Exponent Energy opens its first EV retail store in Bengaluru with 15-minute rapid charging, on-ground support, and financing to boost electric three-wheeler adoption acro...
02-Dec-25 06:40 AM
Read Full NewsZingbus Unveils Game-Changing Operator Model to Rapidly Expand Its Electric Bus Fleet Across India
Zingbus expands its electric bus fleet using an operator-led model, offering technology support, improving occupancy, and targeting 1,000+ EVs with major emission reducti...
02-Dec-25 05:53 AM
Read Full NewsVE Commercial Vehicles Records 6,593 Units Sold, Sales Grown by 48.6% in November 2025
VECV records 6,593 commercial vehicle sales in November 2025 with strong 46.5% growth, driven by Eicher’s domestic and export demand and steady Volvo Truck performance....
02-Dec-25 04:31 AM
Read Full NewsTata Motors Records 35,539 Commercial Vehicle Sales in November 2025
Tata Motors reports 35,539 CV sales in November 2025, up 29%. Strong domestic growth and 92% export rise boost performance across HCV, ILMCV, SCV, and passenger carrier s...
01-Dec-25 12:55 PM
Read Full NewsAd
Ad

Top Tata Ace Models in India 2025: Complete Guide for Small Businesses and Last-Mile Transport
19-Nov-2025

Tata Ace Pro vs Tata Ace Gold: Which Mini Truck is Better for Your Business in 2025?
13-Nov-2025

Top 5 Buses in India 2025: Most Popular and Advanced Models for Comfortable Travel
06-Nov-2025

Top 5 Best Trucks in India 2025: Price, Features, and Specifications
31-Oct-2025

Euler Turbo EV1000 vs Tata Ace Gold Diesel: The 1-Tonne Battle Between Electric and Diesel Trucks
28-Oct-2025

Top Truck Brands in India 2025: Complete Guide to Models, Features & Market Leaders
13-Oct-2025
View All articles