EKA Mobility

Last updated
EKA Mobility
Company type Private
ISIN INE0SF503017
Industry Electric vehicles
FoundedJuly  2019;5 years ago (2019 -07) in Pune, Maharastra, India
FounderSudhir Mehta
Area served
Worldwide
Key people
•⁠ ⁠Sudhir Mehta (Chairman)
Products•⁠ ⁠Electric buses •⁠ ⁠Electric small commercial vehicles
Parent Pinnacle Mobility Solutions Private Limited
Website ekamobility.com

EKA Mobility is an Indian electric vehicle manufacturer headquartered in Pune, Maharashtra. [1]

Contents

The company was founded in 2019 as a subsidiary of Pinnacle Industries, a leading automotive components manufacturer.

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 was launched by Pinnacle Industries to cater to the growing demand for electric mobility solutions. [9] [10] [11] [12]

Operations and products

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]

See also

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References

  1. ↑ "Meet Indias first electric bus with Level 2 ADAS made by EKA Mobility, NuPort Robotics". Zee News. Retrieved 2024-10-17.
  2. ↑ Naik, Pranali (2024-09-14). "Top 10 Electric Bus Manufacturers In India - List 2024 - E Vehicle Info" . Retrieved 2024-10-06.
  3. ↑ "Pinnacle Mobility Solutions Profile".
  4. ↑ "IKEA Partners With EKA Mobility For Green Delivery Vans In India". News18. 28 August 2024.
  5. ↑ "This EV maker has partnered with Skyline Motors to deploy e-buses in Uttarakhand". India Today. 18 September 2024.
  6. ↑ "EKA Mobility to deliver 57 electric buses to Mira-Bhayandar Municipal Corporation". The Times of India. 6 July 2023.
  7. ↑ "Pinnacle Mobility Solutions Private Limited Company Information". Zauba Corp.
  8. ↑ "EKA Mobility Joins Forces with IKEA to Accelerate Sustainable Delivery with New Electric Vans". Times Now. 2024-08-27. Retrieved 2024-10-17.
  9. ↑ "Pinnacle Industries launches EKA, as a subsidiary for electric CVs, solutions - ET Auto". ETAuto.com.
  10. ↑ "Pinnacle Industries Launches EKA EV Tech Company". Financialexpress. 24 February 2022.
  11. ↑ "Pinnacle Industries eyes INR 750-cr revenue in FY24, seeks JV partners abroad for exports - ET Auto". ETAuto.com.
  12. ↑ "EKA Mobility Unveils India's First Electric Bus with Level 2 ADAS Tech, Details Here". News18. 21 December 2022.
  13. ↑ Sharma, Sandeep (2024-07-01). ProjectX India: 1st July 2024 -> New projects, contracts, and tenders information from India. Sandeep Sharma.
  14. ↑ "Adani to electrify intra-city mobility with e-bus supply". The Economic Times. 2024-10-03.
  15. ↑ 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)
  16. ↑ "PLI Scheme Approved Companies". AutoIndia.
  17. ↑ "government of NCT of Delhi - transport department" (PDF). 3 Jan 2024.
  18. ↑ "EKA Mobility partners with Skyline Motors to deploy electric buses in Uttarakhand". Motor India.
  19. ↑ Kavitha (2024-09-19). "EKA Mobility Partners with Skyline Motors to Launch Electric Bus Service in Uttarakhand". EMobility+. Retrieved 2024-10-10.
  20. ↑ "Mitsui Invests in EKA Mobility for EV Expansion". Rediff. Retrieved 2024-10-17.
  21. ↑ "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.
  22. ↑ Mukherjee, Sharmistha (20 June 2024). "Japan's Mitsui invests Rs 200 crore in Pune-based EKA Mobility". The Economic Times.
  23. ↑ "EV maker Eka Mobility to invest 600cr in Pune plants". The Times of India. 2024-05-03. ISSN   0971-8257 . Retrieved 2024-10-06.
  24. ↑ "EKA Mobility appoints new leadership team". Energy Economic Times.
  25. ↑ "Advisory Board of EKA Mobility". The Hindu Business Line.
  26. ↑ "LMOTY 2024: Dr. Sudhir Mehta and Vishal Chordia Receive Lokmat Maharashtrian of the Year Award for Industry and Business Category - www.lokmattimes.com". Lokmat Times. 15 February 2024.
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