Pune-based EKA Mobility has formed a strategic partnership with Japan’s Mitsui & Company and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles in the country.
As per the agreement, Mitsui and VDL together will invest $100 million (approx Rs 830 crore) in EKA Mobility for ‘significant’ minority stakes. The resources will be utilized to scale up research and development and enhance manufacturing capacity.
