PMI Electro Mobility
PrivateLast Round
VC Round
Feb 14, 2025
Total Funding Raised
$30.1M
Company Overview
PMI Electro Mobility Solutions Private Limited, founded in 2017, is a leading Indian manufacturer of electric commercial vehicles, specializing in electric buses. The company produces a range of e-buses, including 7-meter, 9-meter, and 12-meter models, from its manufacturing facility in Haryana, India. PMI Electro Mobility aims to advance zero-emission public transport and has deployed over 2,000 electric buses across more than 30 cities in India. The company operates on a Gross Cost Contract (GCC) model, where it owns, operates, and maintains the bus fleets for a fixed fee per kilometer. It has secured significant funding from investors such as Piramal Group, Authum Investment & Infrastructure, and Gruhas to support its expansion. The company was founded by Satish Kumar Jain and Anurag Agarwal.
Sector
Mobility, Transportation & Logistics
Verticals
Electric Vehicles, Public Transit, EV Charging, Fleet Management, Clean Transportation
Business Model
B2G
Customer Profile
Government Contracts, Services & Consulting, Hardware Sales
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
PMI Electro Mobility Comps
Public and private peers based on sector, stage, and business model.
PMI Electro Mobility Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| VC Round | Feb 14, 2025 | ||||
| Convertible Debt | Oct 25, 2023 |
Key People
Founding team and executive leadership
PMI Electro Mobility Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Piramal Alternatives | Convertible Debt |
| Gruhas | VC Round |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 22, 2025
Investing $136 million to establish a new e-bus manufacturing facility.
PMI Electro Mobility Filings
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| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about PMI Electro Mobility's valuation, stock price, and market status.
