EKA Mobility Raises Capital to Accelerate E-Bus Expansion
- Raises Rs 500 Crore from India-Japan Fund managed by NIIF
- To expand e-bus production, supply chain, and R&D
- Supports India’s EV growth and 2030 clean transport goals
Electric vehicle manufacturer EKA Mobility has raised Rs 500 crore from the India-Japan Fund (IJF), managed by the National Investment and Infrastructure Fund (NIIF). The funding comes at a time when India is witnessing strong demand for electric buses and is pushing toward cleaner public transport.
The company will use the capital to scale up manufacturing, enhance R&, and upgrade its supply chain infrastructure, further strengthening its position in India’s growing EV landscape.
Sudhir Mehta, Founder & Chairman of EKA Mobility, said, “This strategic investment from NIIF comes at a crucial growth phase for us. It will accelerate our vision of building sustainable, inclusive, and future-ready transport solutions”.
This is EKA Mobility’s second major fundraise in 2025, following Rs 200 crore raised in June from ENAM Holdings, which pushed the company into the unicorn club.
Krishna Kumar, Head of IJF Fund, said, the investment reflects their confidence in India’s EV sector and EKA’s role as a domestic OEM driving innovation in clean mobility. “We are backing businesses shaping India’s low-carbon future”, he added.
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EKA joins other electric bus makers like JBM ECOLIFE and GreenCell Mobility in attracting big-ticket investments. Several Indian states and private players have placed large orders for e-buses, supporting India’s target of 40% electrification of new buses by 2030.
This round further establishes EKA Mobility as a key player in India's commercial EV segment.
