Company:EKA Mobility

From HandWiki
EKA Mobility
TypePrivate
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=INE0SF503017 INE0SF503017]
IndustryElectric vehicles
FoundedJuly  2019; 6 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
ParentPinnacle Mobility Solutions Private Limited
Websiteekamobility.com

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

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

  • •⁠ ⁠Electric vehicle industry in India
  • •⁠ Production-Linked Incentive (PLI) Scheme

References

  1. ↑ "Meet Indias first electric bus with Level 2 ADAS made by EKA Mobility, NuPort Robotics" (in en). https://zeenews.india.com/electric-vehicles/eka-mobility-nuport-robotics-introduce-indias-first-electric-bus-with-level-2-adas-2551569.html. 
  2. ↑ Naik, Pranali (2024-09-14). "Top 10 Electric Bus Manufacturers In India - List 2024 - E Vehicle Info" (in en-US). https://e-vehicleinfo.com/top-10-electric-bus-manufacturers-in-india-electric-bus/. 
  3. ↑ "Pinnacle Mobility Solutions Profile". https://www.thecompanycheck.com/company/pinnacle-mobility-solutions-private-limited/U34100PN2019PTC196186. 
  4. ↑ "IKEA Partners With EKA Mobility For Green Delivery Vans In India" (in en). News18. 28 August 2024. https://www.news18.com/auto/ikea-partners-with-eka-mobility-for-green-delivery-vans-in-india-9030293.html. 
  5. ↑ "This EV maker has partnered with Skyline Motors to deploy e-buses in Uttarakhand" (in en). India Today. 18 September 2024. https://www.indiatoday.in/auto/latest-auto-news/story/this-ev-maker-has-partnered-with-skyline-motors-to-deploy-e-buses-in-uttarakhand-2602177-2024-09-18. 
  6. ↑ "EKA Mobility to deliver 57 electric buses to Mira-Bhayandar Municipal Corporation". The Times of India. 6 July 2023. https://timesofindia.indiatimes.com/auto/commercial-vehicles/eka-mobility-to-deliver-57-electric-buses-to-mira-bhayandar-municipal-corporation/articleshow/101548990.cms. 
  7. ↑ "Pinnacle Mobility Solutions Private Limited Company Information". https://www.zaubacorp.com/company/PINNACLE-MOBILITY-SOLUTIONS-PRIVATE-LIMITED/U34102PN2019PTC185172. 
  8. ↑ "EKA Mobility Joins Forces with IKEA to Accelerate Sustainable Delivery with New Electric Vans" (in en). 2024-08-27. https://www.timesnownews.com/auto/electric-vehicles/eka-mobility-joins-forces-with-ikea-to-accelerate-sustainable-delivery-with-new-electric-vans-article-112839631. 
  9. ↑ "Pinnacle Industries launches EKA, as a subsidiary for electric CVs, solutions - ET Auto" (in en). ETAuto.com. https://auto.economictimes.indiatimes.com/news/commercial-vehicle/pinnacle-industries-launches-eka-as-a-subsidiary-for-electric-cvs-solutions/89802851. 
  10. ↑ "Pinnacle Industries Launches EKA EV Tech Company" (in en). Financialexpress. 24 February 2022. https://www.financialexpress.com/business/express-mobility-pinnacle-industries-launches-eka-ev-tech-company-2443729/. 
  11. ↑ "Pinnacle Industries eyes INR 750-cr revenue in FY24, seeks JV partners abroad for exports - ET Auto" (in en). ETAuto.com. https://auto.economictimes.indiatimes.com/news/auto-components/pinnacle-industries-eyes-inr-750-cr-revenue-in-fy24-seeks-jv-partners-abroad-for-exports/104492641. 
  12. ↑ "EKA Mobility Unveils India's First Electric Bus with Level 2 ADAS Tech, Details Here" (in en). News18. 21 December 2022. https://www.news18.com/news/auto/eka-mobility-unveils-indias-first-electric-bus-with-level-2-adas-tech-details-here-6663931.html. 
  13. ↑ Sharma, Sandeep (2024-07-01) (in en). ProjectX India: 1st July 2024 -> New projects, contracts, and tenders information from India. Sandeep Sharma. https://books.google.com/books?id=W_IcEQAAQBAJ. 
  14. ↑ "Adani to electrify intra-city mobility with e-bus supply". 2024-10-03. https://economictimes.indiatimes.com/industry/renewables/adani-to-electrify-intra-city-mobility-with-e-bus-supply/articleshow/107543681.cms?from=mdr. 
  15. ↑ "EKA Mobility partners with Mitsui and VDL Groep" (in en). 2023-12-27. https://www.thehindubusinessline.com/companies/eka-mobility-partners-with-mitsui-and-vdl-groep/article67679235.ece. 
  16. ↑ "PLI Scheme Approved Companies". https://www.autoindia.com/pli-scheme/approved-companies/. 
  17. ↑ "government of NCT of Delhi - transport department". 3 Jan 2024. https://transport.delhi.gov.in/sites/default/files/Transport/circulars-orders/circular_six_0001-5.pdf. 
  18. ↑ "EKA Mobility partners with Skyline Motors to deploy electric buses in Uttarakhand". https://motorindiaonline.in/eka-mobility-partners-with-skyline-motors-to-deploy-electric-buses-in-uttarakhand/. 
  19. ↑ Kavitha (2024-09-19). "EKA Mobility Partners with Skyline Motors to Launch Electric Bus Service in Uttarakhand" (in en-GB). https://emobilityplus.com/2024/09/19/eka-mobility-partners-with-skyline-motors-to-launch-electric-bus-service-in-uttarakhand/. 
  20. ↑ "Mitsui Invests in EKA Mobility for EV Expansion" (in en). https://money.rediff.com/news/market/mitsui-invests-in-eka-mobility-for-ev-expansion/11585120240620. 
  21. ↑ "Investment in Pinnacle Mobility, an Indian Company Developing Mobility Electrification Business under the EKA Brand - MITSUI & CO., LTD." (in en). https://www.mitsui.com/jp/en/release/2023/1248079_13943.html. 
  22. ↑ Mukherjee, Sharmistha (20 June 2024). "Japan's Mitsui invests Rs 200 crore in Pune-based EKA Mobility". https://economictimes.indiatimes.com/industry/renewables/japans-mitsui-invests-rs-200-crore-in-pune-based-eka-mobility/articleshow/111144525.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst. 
  23. ↑ "EV maker Eka Mobility to invest 600cr in Pune plants". The Times of India. 2024-05-03. ISSN 0971-8257. https://timesofindia.indiatimes.com/city/pune/ev-maker-eka-mobility-to-invest-600cr-in-pune-plants/articleshow/109798378.cms. 
  24. ↑ "EKA Mobility appoints new leadership team". https://energy.economictimes.indiatimes.com/news/power/eka-mobility-appoints-vijaykumar-yelne-as-president-murali-raju-as-cco-and-zoeb-karampurwala-as-cpo/110767955. 
  25. ↑ "Advisory Board of EKA Mobility". https://www.thehindubusinessline.com/companies/eka-mobility-advisory-board/. 
  26. ↑ "LMOTY 2024: Dr. Sudhir Mehta and Vishal Chordia Receive Lokmat Maharashtrian of the Year Award for Industry and Business Category - www.lokmattimes.com" (in en). Lokmat Times. 15 February 2024. https://www.lokmattimes.com/maharashtra/lmoty-2024-dr-sudhir-mehta-and-vishal-chordia-receive-lokmat-maharashtrian-of-the-year-award-for-a505/. 




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