EKA Mobility

What EKA Mobility does

EKA Mobility (legal entity Pinnacle Mobility Solutions Pvt. Ltd.) is an India-based electric commercial vehicle manufacturer founded in 2022 as part of the Pinnacle Industries group, headquartered in Pune. The company designs, manufactures, and supplies a broad portfolio of pure-electric buses (EKA Coach, EKA LF, EKA 12M, EKA 9M, EKA 7M), trucks (EKA 55T, EKA 7T), and small commercial vehicles (EKA 1.5T LCV, EKA 3W Cargo, EKA 6S, EKA 3S), spanning 14+ EV models across 12 platforms — claimed to be India's largest range of electric commercial vehicles. Underpinning the portfolio is the proprietary EKA Stack comprising the ECO Platform (modular product architecture with sharable technologies and white-labelling), EKA Intellify (software for AI-ML-based fleet intelligence, range optimization, and battery health management), and EKA Connect (data-powered fleet management platform). Technology is supplemented by a long-term technology-transfer alliance with VDL Groep, Europe's leading bus OEM, and a hydrogen fuel-cell bus pilot with KPIT and BPCL.

EKA generates revenue primarily through hardware sales of electric buses, trucks, and SCVs to government state transport undertakings, municipal corporations, and private fleet operators (FY25-26 volume: 1,143 units sold, 1,344 produced, 5x YoY growth). Go-to-market combines direct enterprise tender participation for large public-sector e-bus contracts, consortium partnerships with PPP bus operators (GreenCell Mobility, Chartered Speed, Travel Time), and a purpose-built authorized dealer network scaling from 60 to 200+ outlets across 20+ states by FY27 for SCVs and trucks. Secondary revenue streams include multi-year O&M service contracts (e.g., 915 buses in Hyderabad under PM E-DRIVE), recurring spare parts and after-sales service, technology licensing/white-labelling of the EKA Stack, and emerging international exports to Africa, the Middle East, and Australia. Cumulative institutional capital of approximately ₹2,000 crore (~$230M+) has been raised from VDL Groep, Mitsui & Co., NIIF India-Japan Fund, and Enam Holdings.

Name

EKA Mobility

Legal name

Pinnacle Mobility Solutions Pvt. Ltd.

Website

https://ekamobility.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

EKA Mobility (Pinnacle Mobility Solutions Pvt. Ltd.) is an India-based electric commercial vehicle manufacturer producing electric buses, trucks, and small commercial vehicles for government transport undertakings, municipal corporations, and private fleet operators, supported by proprietary EKA Stack technology and VDL Groep technology transfer.

Ownership category

akta.pro rank

Product category

Electric Commercial Vehicles

NAICS

Motor Vehicle Manufacturing (3361), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Miscellaneous Transportation Equipment (3790)

akta.pro primary industry

Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes) (IMACACAC)

akta.pro secondary industries

E-Mobility Connectivity, Apps & Anti-Theft Tracking (consumer devices/services) (CRACASAM), Automotive ECUs/Control Modules & Embedded Electronics Manufacturing (IMACAJAC)

Keywords

• Electric commercial vehicles
• Electric bus manufacturing
• Electric truck manufacturing
• Commercial fleet electrification
• Electric mobility solutions

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Electric Commercial Vehicle Sales: Primary revenue stream from direct sale of electric buses, trucks, and small commercial vehicles (SCVs) to government transport undertakings, municipal corporations, private fleet operators, and dealerships. Sold 1,143 units in FY25-26 with 5x YoY growth; order book of approximately 10,000 electric buses.
2. Operations & Maintenance Services: Revenue from operating and maintaining electric bus fleets under public-private partnership models (e.g., 915 buses in Hyderabad under PM E-DRIVE). Includes long-term service contracts bundled with deployment agreements.
3. Spare Parts & After-Sales Service: Recurring revenue from spare parts sales and after-sales service through the authorized dealer network. 6-year/1,65,000 km battery warranty and 3-year vehicle warranty drive service revenue across the 200+ dealership footprint.
4. Technology Licensing & White Labelling: Revenue potential from licensing the EKA Stack (ECO Platform, EKA Intellify) and white-labelling solutions as part of the sharable technology and modular product architecture offering to other OEMs and partners.
5. International Exports: Revenue from exports of electric buses and commercial vehicles to international markets including South Africa, Zanzibar, Ethiopia, Uganda, Middle East, and Australia. First batch of 50 buses exported to Africa; competing with Chinese manufacturers who hold 90% market share.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels7 records

Core offering

EKA Mobility designs, manufactures, and sells a comprehensive range of electric commercial vehicles including buses, trucks, and small commercial vehicles, built on its proprietary modular EKA Stack platform. The company offers 14+ vehicle variants across 12 platforms — from 1.5-tonne to 55-tonne GVW — targeting government transport undertakings, municipal corporations, logistics operators, e-commerce fleets, and last-mile delivery operators in India and select international markets.

Product overview

EKA Mobility operates a platform-plus-modules architecture built around an integrated commercial electric vehicle portfolio. The core offering is a unified family of pure electric commercial vehicles organised into three product lines: EKA Buses (EKA Coach, EKA LF, EKA 12M, EKA 9M, EKA 7M) for urban, suburban, and long-distance public transport; EKA Trucks (EKA 55T, EKA 7T) for heavy-duty and mid-range logistics; and EKA SCVs (EKA 1.5T, EKA 3W Cargo, EKA 6S, EKA 3S) for mid-mile and last-mile deliveries. Underpinning the vehicles is the EKA Stack technology foundation comprising the ECO Platform and EKA Intellify, plus an EKA Ecosystem that includes EV components, battery and vehicle recycling, and a Smart Lean Factory Kit. The EKA Connect fleet management platform sits on top of this as a software layer delivering AI-ML-driven insights for fleet operators. Strategic partners (Mitsui & Co. and VDL Groep) provide technology cooperation, while consortium partners (GreenCell Mobility, Chartered Speed) operate the deployed bus fleets, making EKA a full-stack commercial EV OEM in India.

Differentiator

Problem solved

Functional benefit

Brands

• EKA: The commercial electric vehicle brand used across EKA Mobility's product portfolio of buses, trucks, and small commercial vehicles (e.g., EKA Coach, EKA LF, EKA 12M, EKA 9M, EKA 7M, EKA 55T, EKA 7T, EKA 1.5T, EKA 3W Cargo, EKA 6S, EKA 3S).

Products and services

• EKA 55T Heavy-duty electric truck with 55-tonne Gross Vehicle Weight, designed for long-haul and heavy cargo applications for logistics operators and commercial fleet buyers.
• EKA 7T
• EKA Coach
• EKA LF (Low-Floor Electric Bus)
• EKA 12M
• EKA 9M
• EKA 7M
• EKA 1.5T
• EKA 3W Cargo
• EKA 6S
• EKA 3S
• EKA Connect
• Operations & Maintenance (O&M) Services

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability6 records

Feature8 records

Partnerships

17 partnerships are on record, tiered flagship, major and minor.

• GreenCell MobilityflagshipChannel Partner/ Reseller/ Distributor · 23 March 2026Consortium partner for major e-bus deployments. Won Letter of Award for 915 e-buses in Hyderabad under PM E-DRIVE (100 nine-meter and 815 twelve-meter buses); 75 e-buses in Puducherry; 750 e-buses in Andhra Pradesh. GreenCell operates e-buses through its NueGo brand and is backed by Eversource Capital. Also signed MoU with EKA for electric LCV collaboration.
• GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit)majorGTM or Marketing Partner · 17 February 2026CSR/skill development partner for India's first all-women e-bus driver training program. Sponsored and provided technical support for training 20 women drivers at EKA's Chakan Pune facility. Partnership with CRUT and Travel Time.
• Hindustan Petroleum Corporation Limited (HPCL)flagshipStrategic or Co-development Partner · 29 January 2026MoU signed to collaborate on sustainable mobility and green energy solutions across India, focusing on EV charging infrastructure, battery swapping, and green hydrogen. Leverages HPCL's extensive fuel retail network of 24,400+ outlets and 5,300+ existing EV charging stations to accelerate commercial EV infrastructure deployment.
• Chartered Speed LimitedflagshipChannel Partner/ Reseller/ Distributor · 28 January 2026Consortium partner for e-bus deployment under PM E-Drive and PM e-Bus Sewa schemes. Won contracts for 1,750 e-buses in Bengaluru (39% of city's planned 4,500 e-bus fleet), 876 e-buses in Rajasthan, 1,135 e-buses under PM e-Bus Sewa, and 675 e-buses in Rajasthan. Chartered Speed targets 25% electric fleet conversion by FY27.
• Travel Time Mobility Pvt. Ltd.majorChannel Partner/ Reseller/ Distributor · 19 January 2026Operations partner managing deployment of 100 EKA 9M electric buses for Capital Region Urban Transport (CRUT) in Odisha. Co-organized all-women e-bus driver training program with EKA, GIZ, and CRUT.
• Kerchanshe GroupmajorStrategic or Co-development Partner · 13 October 2025Strategic partnership to bring electric buses and trucks to Ethiopia as part of EKA's East Africa expansion. Kerchanshe is a major Ethiopian conglomerate that will serve as a regional partner for EKA's African market entry.
• Power Grid Corporation of IndiaminorGTM or Marketing Partner · 29 August 2025CSR partner for the delivery of 3 inclusive electric buses (suitable for differently-abled passengers) to AIIMS, New Delhi.
• Vertelo (Macquarie Asset Management)majorChannel Partner/ Reseller/ Distributor · 22 August 2025Partnership with Macquarie Asset Management's fleet electrification platform Vertelo, which provides integrated EV fleet solutions including leasing, financing, charging infrastructure, and energy management. Vertelo raised $405M including $205M from institutional investors and $200M from the Green Climate Fund. EKA is one of the automaker partners (alongside Tata Motors, Eicher Volvo, MG Motors, JBM Auto, Switch Mobility) for fleet deployment.
• Bharat Petroleum Corporation Limited (BPCL)majorStrategic or Co-development Partner · 17 March 2025Partnered with EKA Mobility and KPIT to launch Kerala's first hydrogen fuel cell bus at Cochin International Airport. BPCL provides hydrogen fuel infrastructure for the deployment.
• KPIT TechnologiesmajorTechnology or Integration · 6 February 2025Strategic technology partner for electric powertrain technology components. Co-developed hydrogen fuel cell bus deployed at Cochin International Airport in partnership with BPCL (Kerala's first hydrogen fuel cell bus, March 2025). KPIT provides technology for next-generation EV powertrain and software.
• Skyline MotorsminorChannel Partner/ Reseller/ Distributor · 18 September 2024Collaboration to deploy electric buses in Uttarakhand through regional partnership model.
• IKEAmajorOEM/ Whitelabel/ Licensing Partner · 27 August 2024Partnership to supply electric delivery vans for IKEA's fleet electrification in India, supporting IKEA's sustainable last-mile delivery and corporate sustainability goals.
• VDL GroepflagshipStrategic or Co-development Partner · 27 December 2023Founded in 1953, VDL Groep is Europe's leader in coaches and buses with 20%+ market share across 30+ countries. As a long-term strategic partner, VDL is providing EKA with technical knowhow to produce electric buses tailored for the Indian market. VDL is part of a combined USD 100M+ (INR 850 cr) investment agreement with Mitsui and EKA, aligned with India's 'Make in India' initiative for joint investments, equity, and technology cooperation.
• Mitsui & Co., Ltd.flagshipStrategic or Co-development Partner · 27 December 2023A global leader in trading and investment with presence in 60+ countries, Mitsui operates across seven key segments: Iron & Steel Products, Mineral & Metal Resources, Energy, Machinery & Infrastructure, Chemicals, Lifestyle, and Innovation & Corporate Development. As a strategic partner and equity investor, Mitsui is making significant investments in EKA Mobility, supporting its expansion into emerging markets. The investment is part of a combined USD 100M+ (INR 850 cr) deal with VDL Groep. The second tranche of INR 200 Cr was received in June 2024.
• Pinnacle Industries LimitedflagshipStrategic or Co-development PartnerParent company / part of the Pinnacle group of companies. Pinnacle Industries is India's largest manufacturer of commercial vehicle seating and interior systems and a trusted supplier to major OEMs. Dr. Sudhir Mehta serves as Chairman and Managing Director of both EKA and Pinnacle Industries. EKA is a subsidiary of Pinnacle Industries group, leveraging the group's manufacturing, supplier relationships, and industry expertise.
• VDL PinnaclemajorStrategic or Co-development PartnerJoint venture between VDL Groep and Pinnacle Industries, and a European leader in passenger car manufacturing and electric bus technology. VDL Pinnacle has designed and developed manufacturing facilities for major global brands such as Daimler, Marco Polo, and Magna in India. Known for expertise in building smart, lean factories. Provides manufacturing know-how to EKA.
• Instor IndiamajorStrategic or Co-development PartnerPart of the Pinnacle group of companies. Instor India is the leading manufacturer and exporter of racks, storage solutions, and innovative metal fabrication systems in India, including bus structural parts. Provides metal fabrication capabilities to EKA's value chain.

Scale indicators10 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Tata Motors: India's largest commercial vehicle OEM with an established electric bus and truck lineup competing head-to-head with EKA for the same state transport undertakings and PM e-Bus Sewa / PM E-DRIVE tenders. Both target fleet electrification with captive financing and dealer networks.
• Ashok Leyland (Switch Mobility): India's largest bus and truck manufacturer, with Switch Mobility as its dedicated EV subsidiary offering electric buses globally. Directly competes with EKA in 9M/12M city bus tenders and benefits from Ashok Leyland's pan-India commercial-vehicle service network.
• JBM Auto: One of India's other PLI-qualified electric bus manufacturers, also a Vertelo platform partner alongside EKA. Competes directly for state e-bus tenders under PM e-Bus Sewa and has comparable manufacturing scale ambitions.
• Olectra Greentech: Listed Indian electric bus OEM (with technology from BYD) and one of the early entrants into Indian e-bus deployments with multiple state transport undertaking wins. Directly comparable in product (city e-buses), customer base (STUs) and tender-driven revenue model.
• BYD India: Global EV leader with a growing Indian e-bus and electric commercial vehicle presence, supplying technology to Olectra and competing independently for fleet electrification tenders. Directly comparable product portfolio and Indian manufacturing footprint.
• Mahindra Electric: Mahindra group's EV arm producing electric three-wheelers, LCVs and small commercial vehicles. Zoeb K, EKA's CPO, came from Mahindra's EV programme; competes in the same SCV (1.5T and 3W) categories EKA sells into logistics and last-mile customers.
• PMI Electro Mobility: Indian electric bus OEM with a heavy focus on intra-city and intercity bus deployments via operator partnerships. Competes with EKA in the 9M/12M city bus segment and has won multiple state transport contracts under government EV schemes.

Emerging players

• Euler Motors: Indian electric 3W and light commercial vehicle startup focused on intra-city logistics, directly overlapping with EKA's EKA 1.5T LCV and 3W Cargo product range. Competes for the same e-commerce and FMCG fleet customers.
• Altigreen Propulsion Labs: Indian electric last-mile mobility startup producing electric 3W cargo vehicles. Targets the same urban logistics and last-mile delivery customer base as EKA's 3W Cargo and 6S SCV products.

Broad incumbents

• Yutong Bus: World's largest bus manufacturer and dominant Chinese commercial EV exporter holding ~90% market share in African markets that EKA is targeting. Represents the primary international competitive threat to EKA's export ambitions across Africa, Middle East and Australia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EKA Mobility