PMI Electro Mobility Solutions Pvt. Ltd. is one of India’s top makers of electric buses. The company has received ₹250 crore from investors, showing strong trust in its future. PMI has over 3,000 orders for electric buses and aims to improve its technology, production, and operations.
Since starting in 2017, it has covered 20 crore electric kilometres with 2,000 buses across 31 cities. PMI plans to grow its fleet to 5,000 buses in two years. This investment will help the company support India’s move to green transport and a cleaner future.
What is PMI Electro Mobility Solutions?
PMI Electro Mobility Solutions Pvt. Ltd. is an Indian company that manufactures electric buses. Founded in 2017, it focuses on providing eco-friendly public transport solutions to support India’s transition to sustainable mobility. PMI operates a fleet of over 2,000 electric buses across 31 cities, covering more than 20 crore electric kilometres.
The company has a production facility in Delhi-NCR, capable of manufacturing 2,500 buses annually, including 7, 9, and 12-meter electric buses and electric school buses. With a growing order book of over 3,000 buses, PMI is a key player in India’s electric vehicle (EV) sector.
Why is This Funding Significant?
The ₹250 crore funding for PMI Electro Mobility Solutions is significant because it will be crucial in accelerating the company’s growth and strengthening its position in India’s growing electric vehicle (EV) sector. With the funds, PMI plans to enhance its production capabilities, adopt advanced technology, and scale its operations to meet the increasing demand for electric buses.
This will enable the company to expand its fleet and support the adoption of sustainable transportation across urban and rural areas. Additionally, the investment reflects strong investor confidence in PMI’s vision and future potential, reinforcing the belief that the company is well-positioned to lead the transition to greener mobility in India.
How Will the Funds Be Used?
The ₹250 crore investment will be used by PMI Electro Mobility Solutions to accelerate its strategic initiatives and expand its operations. The company plans to enhance its production capabilities by improving manufacturing technology and increasing efficiency at its Delhi-NCR facility. The funds will also support the development of innovative solutions, such as advanced electric bus models and improved battery technology.
Additionally, PMI will use the capital to scale its operations, ensuring timely delivery of its over 3,000 bus orders and expanding its fleet to 5,000 buses in the next two years. Overall, the investment will help PMI drive India’s transition to sustainable and eco-friendly public transport.
Founders’ Perspective
The founders of PMI Electro Mobility Solutions are Dr. Aanchal Jain, the CEO, and the leadership team behind the company’s vision of revolutionizing India’s transport sector with electric mobility solutions. In a statement about the funding, Dr Aanchal Jain expressed immense pride in the support received.
She emphasized PMI’s ongoing commitment to advancing green mobility and contributing to India’s transition to a greener future. The investment, according to Dr. Jain, is a critical step toward realizing PMI’s vision of transforming urban and rural transport across India.
She also acknowledged the robust government support through progressive policies and programs under the leadership of Prime Minister Narendra Modi, which is helping to drive momentum for the electric vehicle (EV) sector.
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Key Takeaways
- Strategic Investment – PMI secured ₹250 crore in funding from a consortium of investors, including Authum Investment, Antique Securities, and Gruhas, highlighting strong investor confidence.
- Expansion Plans – The funds will be used to scale operations, improve production capabilities, and advance technological innovations, helping PMI meet its growing order book of over 3,000 electric buses.
- Sustainability Focus – PMI is committed to driving sustainable urban and rural mobility by increasing the adoption of electric buses, contributing to India’s green mobility transition.
- Growth Potential – With plans to expand its fleet to over 5,000 buses in the next two years, PMI is well-positioned to lead the electric vehicle (EV) sector in India.
- Strong Government Support – The company benefits from supportive government policies aimed at promoting electric vehicles, creating a favourable environment for growth.
Conclusion
PMI Electro Mobility Solutions is poised for significant growth with its recent ₹250 crore funding, which will fuel the company’s expansion and technological advancements. With over 3,000 electric buses in its order book and plans to increase its fleet to 5,000 within the next two years, PMI is well-positioned to lead India’s green mobility revolution.
The company’s commitment to sustainable urban and rural transport, supported by government policies and investor confidence, will strengthen its role in the growing electric vehicle sector. PMI’s future plans focus on innovation, scaling operations, and contributing to India’s transition to a cleaner, greener future.
Fuel the Green Movement with PMI Electro Mobility Solutions – Support eco-friendly transportation across India.
