Latest news with #EkaMobility
News18
23-07-2025
- Automotive
- News18
Eka Mobility's New Electric Rickshaws Spotted Testing, Full Details Inside
Last Updated: With rising fuel costs and growing concern about pollution, these new e-rickshaws could offer a cleaner and cheaper alternative for last-mile transport. Eka Mobility, a Pune-based electric vehicle (EV) company, is ready to launch two new electric three-wheelers in India – the Eka 3S and Eka 6S. As per Team BHP, both models have been seen testing on Indian roads and are in the final stages of development. These upcoming e-rickshaws were also showcased earlier this year at the 2025 Bharat Mobility Global Expo, where they gained a lot of attention for their promising performance and design. What Makes Eka 3S Special? The Eka 3S is a compact three-seater e-rickshaw, ideal for city travel. It is powered by a 10.75 kWh LFP (Lithium Ferrous Phosphate) battery, which delivers 13.4 BHP and 55 Nm of torque. This rickshaw can reach speeds of up to 60 km/h and offers a driving range of 160 km on a full charge. Designed for everyday use in urban areas, the Eka 3S is perfect for short commutes and last-mile connectivity. How is Eka 6S Different? If you're looking for more space, the Eka 6S steps in with seating for six passengers, plus the driver. It runs on a larger 15 kWh battery pack and offers a range of 140 km per charge. With 16.1 BHP and 65 Nm of torque, the 6S reaches a top speed of 50 km/h. What Else Does Eka Offer? Apart from e-rickshaws, Eka Mobility also manufactures electric trucks and buses, aiming to transform public and commercial transport across India. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
03-05-2025
- Automotive
- Time of India
E-bus maker Eka Mobility raising ₹200-300 crore from Enam Holdings
New Delhi: Eka Mobility , a Pune-based manufacturer of electric buses and light commercial vehicles, is in the process of raising ₹200-300 crore from private equity firm Enam Holdings to fund its expansion plans, people in the know said. This deal under a convertible structure could give the company a near unicorn status with a valuation of close to $1 billion, if it attains certain specified targets, they said. 'There is a range associated with the valuation, which can touch as high as that of a unicorn if certain performance metrics are met. The holding structure will be determined accordingly,' a senior industry executive said on the condition of anonymity. Eka Mobility and Enam Holdings declined to comment. Prior to this, Eka Mobility had raised ₹1,000 crore from promoters (Sudhir Mehta-led Pinnacle Industries), as well as Japan's Mitsui & Co and VDL Groep of the Netherlands. Eka Mobility has a strategic partnership with Mitsui and VDL Groep to manufacture electric buses and light-commercial vehicles in India. 'The entire resources being raised will be invested in the company. The company has a strong order book and will use the capital to expand manufacturing capacity,' the industry executive said. The company has the capacity to manufacture 2,500 electric buses and 20,000 small commercial vehicles a year at its facilities in Pune. Plans are in place to double the capacity for electric buses at Pune by fiscal 2027. One of the commercial vehicle manufacturers approved under the Champion OEM and EV component manufacturing schemes of the auto production-linked incentive policy, Eka Mobility also has a mid-term plan to build a third plant at Pithampur in Madhya Pradesh with a capacity to manufacture 5,000 electric buses a year. According to the company, it currently has an order book of more than 3,000 e-buses, including 2,125 from Convergence Energy Services Ltd under the PM e-Bus Sewa scheme. The order list includes 750 e-buses for Andhra Pradesh, 675 for Rajasthan and 205 for Chhattisgarh. It also has orders for 1,500 e-buses from the Uttar Pradesh State Road Transport Corporation, the Nagpur Municipal Corporation and other private orders combined. Eka Mobility has established a presence in Africa for future local assembly and sales. It is also in advanced discussion with Latin American and Asean countries to scale up operations. Axis Capital is advising Eka Mobility on the fundraising.
Time of India
02-05-2025
- Automotive
- Time of India
E-bus maker Eka Mobility raising ₹200-300 crore from Enam Holdings
New Delhi: Eka Mobility , a Pune-based manufacturer of electric buses and light commercial vehicles, is in the process of raising ₹200-300 crore from private equity firm Enam Holdings to fund its expansion plans, people in the know said. This deal under a convertible structure could give the company a near unicorn status with a valuation of close to $1 billion, if it attains certain specified targets, they said. 'There is a range associated with the valuation, which can touch as high as that of a unicorn if certain performance metrics are met. The holding structure will be determined accordingly,' a senior industry executive said on the condition of anonymity. Eka Mobility and Enam Holdings declined to comment. Prior to this, Eka Mobility had raised ₹1,000 crore from promoters (Sudhir Mehta-led Pinnacle Industries), as well as Japan's Mitsui & Co and VDL Groep of the Netherlands. Eka Mobility has a strategic partnership with Mitsui and VDL Groep to manufacture electric buses and light-commercial vehicles in India. 'The entire resources being raised will be invested in the company. The company has a strong order book and will use the capital to expand manufacturing capacity,' the industry executive said. The company has the capacity to manufacture 2,500 electric buses and 20,000 small commercial vehicles a year at its facilities in Pune. Plans are in place to double the capacity for electric buses at Pune by fiscal 2027. One of the commercial vehicle manufacturers approved under the Champion OEM and EV component manufacturing schemes of the auto production-linked incentive policy, Eka Mobility also has a mid-term plan to build a third plant at Pithampur in Madhya Pradesh with a capacity to manufacture 5,000 electric buses a year. According to the company, it currently has an order book of more than 3,000 e-buses, including 2,125 from Convergence Energy Services Ltd under the PM e-Bus Sewa scheme. The order list includes 750 e-buses for Andhra Pradesh, 675 for Rajasthan and 205 for Chhattisgarh. It also has orders for 1,500 e-buses from the Uttar Pradesh State Road Transport Corporation, the Nagpur Municipal Corporation and other private orders combined. Eka Mobility has established a presence in Africa for future local assembly and sales. It is also in advanced discussion with Latin American and Asean countries to scale up operations. Axis Capital is advising Eka Mobility on the fundraising.
Time of India
02-05-2025
- Automotive
- Time of India
E-bus maker Eka Mobility raising Rs 200-300 crore from Enam Holdings
Prior to this, Eka Mobility had raised Rs 1,000 crore from promoters (Sudhir Mehta-led Pinnacle Industries), as well as Japan's Mitsui & Co and VDL Groep of the Netherlands. Eka Mobility, an electric vehicle manufacturer, is reportedly raising Rs 200-300 crore from Enam Holdings to fuel its expansion plans. The deal, structured as a convertible, could potentially elevate the company to near unicorn status, contingent on achieving specific performance targets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Eka Mobility , a Pune-based manufacturer of electric buses and light commercial vehicles, is in the process of raising Rs 200-300 crore from private equity firm Enam Holdings to fund its expansion plans, people in the know deal under a convertible structure could give the company a near unicorn status with a valuation of close to $1 billion, if it attains certain specified targets, they said.'There is a range associated with the valuation, which can touch as high as that of a unicorn if certain performance metrics are met. The holding structure will be determined accordingly,' a senior industry executive said on the condition of Mobility and Enam Holdings declined to to this, Eka Mobility had raised Rs 1,000 crore from promoters (Sudhir Mehta-led Pinnacle Industries), as well as Japan's Mitsui & Co and VDL Groep of the Mobility has a strategic partnership with Mitsui and VDL Groep to manufacture electric buses and light-commercial vehicles in India.'The entire resources being raised will be invested in the company. The company has a strong order book and will use the capital to expand manufacturing capacity,' the industry executive company has the capacity to manufacture 2,500 electric buses and 20,000 small commercial vehicles a year at its facilities in Pune. Plans are in place to double the capacity for electric buses at Pune by fiscal of the commercial vehicle manufacturers approved under the Champion OEM and EV component manufacturing schemes of the auto production-linked incentive policy, Eka Mobility also has a mid-term plan to build a third plant at Pithampur in Madhya Pradesh with a capacity to manufacture 5,000 electric buses a to the company, it currently has an order book of more than 3,000 e-buses, including 2,125 from Convergence Energy Services Ltd under the PM e-Bus Sewa scheme. The order list includes 750 e-buses for Andhra Pradesh, 675 for Rajasthan and 205 for Chhattisgarh. It also has orders for 1,500 e-buses from the Uttar Pradesh State Road Transport Corporation, the Nagpur Municipal Corporation and other private orders Mobility has established a presence in Africa for future local assembly and sales. It is also in advanced discussion with Latin American and Asean countries to scale up operations. Axis Capital is advising Eka Mobility on the fundraising.
India Today
29-04-2025
- Automotive
- India Today
Eka to deploy 675 electric buses across Rajasthan
Electric vehicle (EV) manufacturer Eka Mobility has received the Letter of Award (LOA) in consortium with Chartered Speed for deploying 9-metre and 12-metre electric buses across Rajasthan under the PM e-Bus Sewa large-scale deployment will span eight major cities -- Jaipur, Kota, Udaipur, Ajmer, Alwar, Bikaner, Bhilwara and Jodhpur. The order includes 565 9-metre and 110 12-metre electric LOA for Rajasthan's 675 electric buses follows the issuance of Letter of Confirmation of Quantity (LOCQ) by Convergence Energy Services Ltd (CESL) for electric buses across India. "This win reinforces our belief that electric mobility is not just the future, it is the present. Rajasthan's bold move toward electrification aligns perfectly with our vision of transforming how millions commute daily and accelerating India's transition to a cleaner, more sustainable future," said Rohit Srivastava, Business Head and Chief Growth Officer, Eka Mobility."This reflects our commitment to a greener, more efficient transport network. Through the PM e-Bus Sewa Scheme, we are transitioning to an electric fleet that will transform urban mobility. Our goal is to lead the shift to a low-carbon future and offer commuters cleaner, smarter travel options shaping a more connected and sustainable India," said Sanyam Gandhi, Whole-Time Director, Chartered order comes shortly after Eka secured two major contracts worth approximately Rs 150 crore from the Uttar Pradesh State Road Transport Corporation (UPSRTC) and an order for approximately Rs 400 crore from the Nagpur Municipal Corporation (NMC).Subscribe to Auto Today Magazine
