EKA Mobility
 | This article contains text that is written in a promotional tone. (October 2024) |
| Company type | Private |
|---|---|
| ISIN | INE0SF503017 |
| Industry | Electric vehicles |
| Founded | July 2019 in Pune, India |
| Founder | Sudhir Mehta |
Area served | Worldwide |
Key people | • Sudhir Mehta (Chairman & Managing Director) |
| Products | • Electric buses • Electric small commercial vehicles |
Number of employees | 220 (as of September 2023) |
| Parent | Pinnacle Mobility Solutions Private Limited |
| Website | ekamobility.com |
EKA Mobility is the electric vehicle brand of Pinnacle Mobility Solutions Private Limited, a subsidiary of Pinnacle Industries. EKA Mobility is focused on the manufacturing and sale of electric buses and electric small commercial vehicles. The company was established in 2019 and is headquartered in Pune, Maharashtra, India[1].
History
[edit]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.[2] It operates as a subsidiary of Pinnacle Industries, a prominent company specializing in automotive seating, interiors, and specialty vehicles. EKA was launched by Pinnacle Industries to cater to the growing demand for electric mobility solutions.
Operations and Products
[edit]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. EKA has also collaborated with the Dutch conglomerate VDL Group, a global leader in the manufacture of electric buses, trucks, and coaches.[3][4]
Key Initiatives
[edit]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.[5] In partnership with Skyline Motors, EKA has deployed electric buses in the state of Uttarakhand.[6]
Investments
[edit]In 2023, Japan's Mitsui & Co. invested Rs 200 crore in EKA Mobility to support its electric vehicle expansion plans[7]. This was Mitsui's second investment into the company, signaling continued interest in its growth potential.[8][9]
Leadership
[edit]EKA Mobility is led by Sudhir Mehta, the chairman and managing director of Pinnacle Industries.[10] 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.[11]
See also
[edit]References
[edit]- ^ Naik, Pranali (2024-09-14). "Top 10 Electric Bus Manufacturers In India - List 2024 - E Vehicle Info". Retrieved 2024-10-06.
- ^ "Pinnacle Mobility Solutions Private Limited Company Information". Zauba Corp.
- ^ "Adani to electrify intra-city mobility with e-bus supply". The Economic Times. 2024-10-03.
- ^ Bureau, BL Bengaluru (2023-12-27). "EKA Mobility partners with Mitsui and VDL Groep". BusinessLine. Retrieved 2024-10-06.
{{cite web}}:|last=has generic name (help) - ^ "PLI Scheme Approved Companies". AutoIndia.
- ^ "EKA Mobility partners with Skyline Motors to deploy electric buses in Uttarakhand". Motor India.
- ^ "Investment in Pinnacle Mobility, an Indian Company Developing Mobility Electrification Business under the EKA Brand - MITSUI & CO., LTD". Investment in Pinnacle Mobility, an Indian Company Developing Mobility Electrification Business under the EKA Brand - MITSUI & CO., LTD. Retrieved 2024-10-06.
- ^ "Japan's Mitsui invests Rs 200 crore in Pune-based EKA Mobility". The Economic Times.
- ^ "EV maker Eka Mobility to invest 600cr in Pune plants". The Times of India. 2024-05-03. ISSN 0971-8257. Retrieved 2024-10-06.
- ^ "EKA Mobility appoints new leadership team". Energy Economic Times.
- ^ "Advisory Board of EKA Mobility". The Hindu Business Line.