PMI Electro Mobility Solutions, a New Delhi, India-based manufacturer of electric buses, raised INR 250 Cr in funding.
Piramal Alternatives made the investment in the form of convertible securities.
The company intends to use the funds to further develop its solutions, bring technological advancements to its production capabilities, and scale its operations.
Led by CEO Dr. Aanchal Jain, PMI Electro Mobility delivers electric buses. Today, more than 1,200 of them are plying cross different geographies including 10 states viz. New Delhi, Uttar Pradesh, Himachal Pradesh, Goa, Maharashtra, West Bengal, Odisha, Gujarat, Kerala, UT of Ladakh.
FinSMEs
15/10/2023