Commercial electric vehicle manufacturer EKA Mobility has raised ₹500 crore ($57 million) from the India-Japan Fund (IJF), managed by the National Investment and Infrastructure Fund Limited (NIIF).

According to the company, the funding will be used to expand its manufacturing capacity, strengthen the supply chain, boost research and development, and enhance marketing efforts in India and overseas.

EKA Mobility, a subsidiary of Pinnacle Industries, produces a wide range of electric commercial vehicles, including buses, intercity coaches, 3-wheeler passenger and cargo models, heavy-duty trucks, and small commercial vehicles.

The company currently holds confirmed orders for over 3,300 electric buses from state transport undertakings, municipal corporations, and private fleet operators. Exi

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