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EKA Mobility specializes in the production of electric buses and electric small commercial vehicles.[2][3][4][5]
History
Pinnacle Mobility Solutions Private Limited was incorporated on 2 July 2019 as a non-government company and is registered under the Registrar of Companies, Pune.[6][7] It operates as a subsidiary of Pinnacle Industries, a prominent company specializing in automotive seating, interiors, and specialty vehicles.[8]
EKA Mobility specializes in the production of electric buses and small commercial vehicles. The brand is part of Pinnacle Industries' broader effort to diversify into the electric vehicle market.[13]
EKA has also collaborated with the Dutch conglomerate VDL Group, a global leader in the manufacture of electric buses, trucks, and coaches.[14][15]
Key initiatives
EKA Mobility is one of the 20 companies approved under the Central Government's Production-Linked Incentive (PLI) scheme, which seeks to boost domestic manufacturing of advanced automotive technology products.[16][17] In partnership with Skyline Motors, EKA has deployed electric buses in the state of Uttarakhand.[18][19]
Investments
In 2023, Japan's Mitsui & Co. invested Rs 600 crore in EKA Mobility to support its electric vehicle expansion plans.[20][21] This was Mitsui's second investment into the company, signaling continued interest in its growth potential.[22][23]
Leadership
EKA Mobility is led by Sudhir Mehta, the chairman and managing director of Pinnacle Industries.[24] Additionally, Mr. Lakshminarayan, Chairman of TVS Automotive Systems Limited, and Ms. Rashmi Urdhwareshe, former director of ARAI, are members of the advisory board, bringing decades of experience in the automotive and electric vehicle sectors.[25][26]
