[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-eka-mobility-accelerates-growth-with-second-tranche-investment-from-mitsui-co":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},993,"EKA Mobility Accelerates Growth with Second Tranche Investment from Mitsui & Co","eka-mobility-accelerates-growth-with-second-tranche-investment-from-mitsui-co","EKA Mobility secures a second tranche of investment from Mitsui & Co to accelerate EV manufacturing, product development, and global market expansion.","\u003Cp>\u003Cimg src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002FTeam #BharatKiEKA.jpeg\" alt=\"\" \u002F>\u003Cimg src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002FTeam #BharatKiEKA_1.jpeg\" alt=\"\" \u002F>EKA (Pinnacle Mobility Solutions Pvt Ltd) announces Mitsui & Co, Ltd (Mitsui), a global trading and investment company with a rich history of contributing to industrial innovation, has executed a second tranche investment as a part of the initially announced phased investment, further solidifying their commitment to the rapidly growing electric vehicle (EV) company. This strategic infusion of capital will be directed towards capital expenditures (Capex) and working capital, supporting EKA Mobility’s continued expansion and innovation in the EV sector. This tranche also establishes an attractive valuation benchmark for the company and is testimony to the rapid growth that EKA is witnessing. \u003C\u002Fp>\r\n\u003Cp>\u003Cimg style=\"float: left\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002FEKA K1.5.jpeg\" alt=\"\" width=\"282\" height=\"188\" \u002F>In December 2023, EKA, Mitsui, and VDL Groep (Netherlands) entered into a strategic long-term partnership that included joint investments of US$ 100 million (~INR 850 crore) in phases, equity, and technology cooperation to create a leading global OEM in India. This is one of the largest and most significant partnerships in the new mobility segment globally. Under the cooperation, EKA Mobility will receive significant and strategic investments from Mitsui and technological support and an equity partnership from VDL Groep, a leading Dutch technology and manufacturing company. As part of this partnership, VDL Bus & Coach, a subsidiary of VDL Groep and Europe’s frontrunner in electric buses and coaches, will support EKA Mobility by transfer-of-technology to produce electric buses in India for the Indian market.\u003C\u002Fp>\r\n\u003Cp>Earlier this year, Mitsui invested its maiden tranche in EKA, which propelled the company to establish one of the largest R&D centers in the country for electric commercial vehicles, new product development, and expanding its export footprints. The second tranche will support EKA Mobility’s manufacturing capabilities, accelerate new product development, expand market reach, and provide working capital. The investment will strengthen the company’s financial base to support day-to-day operations, supply chain optimization, and market expansion initiatives.\u003C\u002Fp>\r\n\u003Cp>Thrilled to deepen the partnership with EKA Mobility through the investment of this second tranche, Hiroshi Takeuchi, Deputy General Manager, Mobility Business Unit 1, Mitsui, said, “EKA Mobility has demonstrated strong growth and innovation in the EV space, and we are excited to support their continued success. We look forward to utilizing Mitsui’s global network to promote exporting EKA’s competitive products to overseas markets. This investment aligns with Mitsui’s strategic focus on sustainable and forward-looking industries, and we are confident that EKA Mobility will play a pivotal role in the future of transportation.”\u003C\u002Fp>\r\n\u003Cp>EKA, headquartered in Pune, India, has been at the forefront of the commercial electric mobility revolution, developing a range of electric buses in 7 mt, 9 mt, and 12 mt categories, intercity coaches, and a range of electric light commercial vehicles. EKA is also one of the commercial vehicle manufacturers approved under the Government of India’s Auto PLI policy. Mitsui’s renewed investment underscores its confidence in EKA Mobility’s vision, technology, and market potential.\u003C\u002Fp>\r\n\u003Cp>Dr Sudhir Mehta, Founder, EKA (Pinnacle Mobility Solutions), stated, “We are immensely grateful to Mitsui and VDL Groep for their unwavering confidence and sustained investment in EKA Mobility. The continued investment support will enable us to accelerate our growth trajectory, bring innovative EV solutions to market faster, and further our mission to create a sustainable and green transportation ecosystem. We look forward to a long and successful partnership with Mitsui and VDL.”\u003C\u002Fp>\r\n\u003Cp>The company’s order book has significantly grown to 1,000+ electric buses and 5,000+ electric light commercial vehicles. Given the wide acceptance of EKA buses in Delhi and Greater Mumbai, the next few months are likely to witness a surge in electric bus orders, and the company is well-positioned to capture and fulfill them.\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong >www.mitsui.com\u003C\u002Fstrong>, \u003Cstrong >www.ekamobility.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002FBTMvV7J6Hw8EZOboYRDl.jpeg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJune2024\u002FBTMvV7J6Hw8EZOboYRDl.jpeg","2024-06-25T01:20:00+05:30","MWM Desk","News",0,"Mitsui & Co has executed a second tranche investment to accelerate EKA Mobility's production and innovation capabilities.\nThe capital infusion follows a landmark US$ 100 million partnership between EKA, Mitsui, and the Netherlands-based VDL Groep.\nEKA Mobility currently holds an order book of over 1,000 electric buses and 5,000 electric light commercial vehicles.","Big news in the EV sector! EKA Mobility has secured a second tranche of investment from Mitsui & Co, marking a major milestone in their mission to redefine commercial transportation. This infusion of capital is set to accelerate EKA’s manufacturing capacity, new product development, and market expansion as they continue their partnership with VDL Groep. With an impressive order book of over 1,000 electric buses and 5,000 light commercial vehicles, EKA is proving to be a formidable player in the global mobility landscape. As they leverage Mitsui’s global network, the potential for exporting Indian-made competitive EV products looks brighter than ever. Congratulations to the team at EKA on this continued growth and commitment to sustainable mobility. #EV #SustainableMobility #IndiaManufacturing","EKA Mobility secures a second investment tranche from Mitsui & Co to supercharge EV production and accelerate global market growth. A massive boost for the future of sustainable commercial transport! #EKA #ElectricVehicles","Big moves in the world of green mobility! ⚡️ EKA Mobility has officially received a second investment tranche from global giant Mitsui & Co. This partnership is a total game-changer for EV manufacturing in India, supporting everything from cutting-edge R&D to scaling up production. With a massive order book of over 1,000 electric buses and 5,000 light commercial vehicles, EKA is clearly hitting its stride in the EV space. 🚌🔋 We love seeing companies push the envelope on sustainable, innovative transportation solutions. Congrats to the EKA team on this major milestone! 🚀 #EKA #ElectricVehicles #SustainableTransport #CleanEnergy #EVManufacturing #Innovation #GreenMobility",{"title":6,"description":8,"keywords":21},"eka mobility, mitsui & co, electric vehicles, ev manufacturing, commercial evs, sustainable transport, electric buses, vdl groep, auto pli policy, green mobility",{"title":23,"slug":24,"imageUrl":25},"ABB India’s IEC LV Motors Drive Massive Energy Savings Across India","abb-indias-iec-lv-motors-drive-massive-energy-savings-across-india","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002FHQxLAvw10hScbcx7bAXr.jpg",{"title":27,"slug":28,"imageUrl":29},"Foolproof Tips to Keep Electric Vehicle Running in the Monsoons","foolproof-tips-to-keep-electric-vehicle-running-in-the-monsoons","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002FnGFFtsbPKn3PmvwyjyCO.jpg",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"Evonith Steel Acquires 85 MW Power Plant in Maharashtra","evonith-steel-acquires-85-mw-power-plant-in-maharashtra","Evonith Steel completes the INR 232 Cr acquisition of an 85 MW power plant in Wardha. Discover how this strategic move drives growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fevonith-steel-acquires-85-mw-power-plant-in-maharashtra-nwBF5A.jpeg","2026-06-10T04:22:56+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"Kirloskar Pneumatic launches ‘Tonalli’, a Sustainable Waste-to-Energy Solution","kirloskar-pneumatic-launches-tonalli-a-sustainable-waste-to-energy-solution","Kirloskar Pneumatic launches Tonalli, a sustainable waste-to-energy solution converting organic food waste to biogas and fertilizer. Drive efficiency and compliance.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fkirloskar-pneumatic-launches-tonalli-a-sustainable-waste-to-energy-solution-vZaGuX.png","2026-06-10T04:14:35+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"Leadership in 2026 is About Collaboration, Not Control","leadership-in-2026-is-about-collaboration-not-control","Discover why Sanela Lundqvist of Sandvik Coromant believes modern manufacturing leadership is driven by collaboration, not rigid control.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fleadership-in-2026-is-about-collaboration-not-control-LxZQZw.jpg","2026-06-10T04:01:27+05:30",{"title":51,"slug":52,"excerpt":53,"imageUrl":54,"publishedAt":55,"author":13,"category":14},"Covestro Showcases Advanced TPU Material Solutions to Drive AI Device Advancements","covestro-showcases-advanced-tpu-material-solutions-to-drive-ai-device-advancements","Discover how Covestro is revolutionizing the AI and robotics landscape with advanced, sustainable TPU material innovations.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fcovestro-showcases-advanced-tpu-material-solutions-to-drive-ai-device-advancements-uaU1bw.jpg","2026-06-10T03:40:38+05:30",{"title":57,"slug":58,"excerpt":59,"imageUrl":60,"publishedAt":61,"author":13,"category":14},"Hindustan Zinc, TERI Partner for 250-Hectare Ecological Restoration Project in Rajasthan","hindustan-zinc-teri-partner-for-250-hectare-ecological-restoration-project-in-rajasthan","Hindustan Zinc and TERI launch a 250-hectare ecological restoration project in Rajasthan, setting a global benchmark for industrial sustainability and biodiversity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fhindustan-zinc-teri-partner-for-250-hectare-ecological-restoration-project-in-rajasthan-kOlxSk.jpg","2026-06-10T03:22:00+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"ELGi Showcases Intelligent Compressed Air Solutions at INTEC 2026","elgi-showcases-intelligent-compressed-air-solutions-at-intec-2026","Discover how ELGi is revolutionizing industrial efficiency at INTEC 2026 with intelligent compressed air systems designed for sustainability.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Felgi-showcases-intelligent-compressed-air-solutions-at-intec-2026-IyGeIT.JPG","2026-06-10T03:09:05+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"Henkel Reaches Carbon-Neutral Manufacturing Milestone in India and Türkiye","henkel-reaches-carbon-neutral-manufacturing-milestone-in-india-and-turkiye","Henkel achieves carbon-neutral manufacturing at its Kurkumbh and Gebkim plants, marking a major milestone in its 2030 decarbonization strategy.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fhenkel-reaches-carbon-neutral-manufacturing-milestone-in-india-and-turkiye-mVPD9c.jpg","2026-06-10T01:49:12+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"IndoSpace Names Balkrishna Jha Vice President – Marketing","indospace-names-balkrishna-jha-vice-president-marketing","IndoSpace appoints Balkrishna Jha as VP of Marketing to accelerate brand strategy in India's booming logistics and industrial real estate sector.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Findospace-names-balkrishna-jha-vice-president-marketing-SNRJO7.png","2026-06-10T01:17:30+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"ABB Partners with Cochin Shipyard for India’s Green Tug Transition Program","abb-partners-with-cochin-shipyard-for-indias-green-tug-transition-program","ABB partners with Cochin Shipyard to power India's first electric tugs under the Green Tug Transition Programme. Discover more.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fabb-partners-with-cochin-shipyard-for-indias-green-tug-transition-program-rx5eZ3.jpg","2026-06-05T03:06:00+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"Vedanta Advances Low-Carbon Operations, Cuts Metals Emissions Intensity by 15% Since FY21","vedanta-advances-low-carbon-operations-cuts-metals-emissions-intensity-by-15-since-fy21","Vedanta Group cuts metals emissions intensity by 15% since FY21, showcasing progress in low-carbon operations and sustainable growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fvedanta-advances-low-carbon-operations-cuts-metals-emissions-intensity-by-15-since-fy21-bCufcL.jpeg","2026-06-05T02:59:24+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"JCBL South Manufactures 1,000 CSC Certified Containers for GE Vernova's US Renewable Energy Market  ","jcbl-south-manufactures-1000-csc-certified-containers-for-ge-vernovas-us-renewable-energy-market","JCBL South achieves a major milestone by delivering 1,000 CSC certified containers to GE Vernova, boosting US renewable energy infrastructure.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fjcbl-south-manufactures-1000-csc-certified-containers-for-ge-vernovas-us-renewable-energy-market-J5jERD.jpeg","2026-06-05T02:24:14+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"Lockheed Martin Unveils Advanced Interceptor Production Hub in Alabama","lockheed-martin-unveils-advanced-interceptor-production-hub-in-alabama","Lockheed Martin's new Alabama facility boosts US missile defense with advanced NGI production, leveraging digital manufacturing for rapid, high-quality output.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Flockheed-martin-unveils-advanced-interceptor-production-hub-in-alabama-iAYgY8.jpg","2026-06-05T01:18:25+05:30",{"first":105,"last":106,"prev":107,"next":108},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=120",null,"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=2",{"current_page":110,"from":110,"last_page":111,"links":112,"path":164,"per_page":165,"to":165,"total":166},1,120,[113,116,119,122,126,130,134,138,142,146,150,154,156,160,162],{"url":107,"label":114,"page":107,"active":115},"« 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