Electric commercial vehicle manufacturer EKA Mobility has successfully raised ₹200 crore (approximately $24 million USD) from ENAM Holdings through convertible preference shares. This significant capital infusion will help in EKA’s growth, as stated by founder Sudhir Mehta. EKA Mobility intends to use the new capital to boost its manufacturing capacity at its three production sites.
The company’s Pune bus plant is in its initial operational phase, with a second phase of expansion planned for the near future. Its Chakan plant is already fully operational. Furthermore, a new facility is under construction in Madhya Pradesh, expected to begin operations by the end of 2025 and ultimately contribute 5,000 vehicles per month in phases.
These manufacturing facilities are key to EKA Mobility’s ambition of creating the most extensive commercial EV portfolio in India. This portfolio will encompass both passenger and goods carrier segments, with plans to launch a diverse range of products over the next two years. These include 3-seater electric vehicles, 125-seater electric buses, and goods carriers ranging from 0.5 to 55 tonnes.
EKA currently boasts a robust order book of over 3,000 buses, with clients comprising various state governments and private operators. The company aims to deliver between 2,000 and 2,500 electric buses in the fiscal year 2026, with ambitious plans to scale production to 1,000 buses per month next year.
EKA Mobility is strategically establishing itself at the forefront of India’s green commercial mobility revolution, leveraging its comprehensive production strategy, varied vehicle designs, and strong investor support.
About Eka Mobility
EKA Mobility, an Indian manufacturer based in Pune, specializes in electric buses and goods carriers. the company recently secured ₹200 crore in funding from ENAM Holdings to expand its manufacturing capabilities across three facilities and aims for a unicorn valuation. EKA Mobility is building a large portfolio of electric vehicles and has a significant order book, positioning itself as a key player in India’s green commercial mobility sector.
About ENAM Holding
ENAM Holdings is a prominent Indian investment firm with a diverse portfolio. It is known for its strategic investments in various sectors, including financial services, real estate, and technology. The firm often supports growing companies with significant capital infusions, as seen in its recent investment in EKA Mobility.
