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EKA Mobility Raises ₹200 Cr from ENAM Holdings; Eyes Unicorn Status & Expands Manufacturing Footprint
- EKA Mobility secures ₹200 crore in funding from ENAM Holdings, aiming for unicorn status.
- The fresh capital is raised via convertible preference shares to support the company's growth.
- The funds will be used for expanding manufacturing capabilities across three production facilities.
- EKA plans to launch various electric vehicles including buses and goods carriers.
- The company has an order book of over 3,000 buses with plans to deliver 2,000–2,500 electric buses in FY26.
- EKA aims to scale production to 1,000 buses per month in the upcoming year.
- The Madhya Pradesh facility, expected to go live by end of 2025, will add capacity for 5,000 vehicles per month.
- EKA and its suppliers have secured critical stocks of rare earth magnets to address EV supply chain concerns.
- The company is actively working to mitigate risks associated with supply chain dependencies.
- EKA Mobility is focused on full-scale electrification across commercial transport.
- The company aims to create India's largest commercial electric vehicle portfolio.
- EKA's vision includes products ranging from 3-seater electric vehicles to 125-seater electric buses.
- The company serves clients like state governments and private operators.
- The production roadmap, diverse vehicle pipeline, and investor support position EKA as a key player in India's green commercial mobility revolution.
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