EKA Mobility Raises Rs 500 Crore From NIIF’s India–Japan Fund to Ramp E‑Bus Manufacturing

Overview

• NIIF’s India–Japan Fund invested Rs 500 crore in the Pune-based commercial EV maker.
• EKA says the capital will expand factory capacity, accelerate R&D, strengthen supply chains, and bolster marketing in domestic and international markets.
• The company reports confirmed orders for over 3,300 electric buses from state, municipal, and private fleet procurements.
• Current output is about 200–250 e-buses per month at Koregaon Bhima, with a stated goal of 500 per month by end-FY26 and previously announced plans for a third plant in Pithampur.
• The funding follows a Rs 200 crore round from ENAM Holdings in June and aligns with India–Japan efforts to finance public transport electrification.