Pinnacle-VDL JV to invest Rs 2000 crore to enter bus and last mile EV market

By Biju KumarFebruary 21, 2022

Pinnacle Mobility Solutions, a unit of Pune-based Pinnacle Industries, would invest Rs 2,000 crore to make electric buses and e-mini trucks to cater to the booming last-mile mobility space. Pinnacle Mobility has entered into a 74:26 partnership with one of Europe’ s largest family-owned enterprises – VDL Groep – to cater to this growing demand.