<ul data-eligibleForWebStory="true"><li>EKA Mobility, an electric vehicle manufacturer, secured Rs 200 crore in funding from ENAM Holdings to expand manufacturing infrastructure.</li><li>The funding obtained through convertible preference shares aims to help EKA scale its operations towards achieving unicorn status.</li><li>EKA plans to set up three manufacturing facilities to bolster production capacity, including one in Madhya Pradesh expected to reach 5,000 vehicles per month when fully operational.</li><li>Despite facing challenges in securing rare earth magnets for EV motors, EKA aims to build a diverse commercial EV portfolio and deliver over 2,000 buses this financial year.</li></ul>

EV maker EKA Mobility raises Rs 200 crore from ENAM Holdings

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