GreenCell Mobility picks stake in PMI Electro consortium
By IANS |
Published on
Sun, Feb 7 2021 20:21 IST |
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Electric vehicle.. Image Source: IANS News
New Delhi, Feb 7 : GreenCell Mobility Private Limited has acquired 49 per cent stake in two Special Purpose Vehicle (SPV) companies incorporated by PMI Electro Mobility Solutions Private Limited, which won the bid for deploying 350 electric buses along with the charging infrastructure across several cities in Uttar Pradesh.
Greencell Mobility will invest around Rs 400 crore in the project.
GreenCell is an eMaaS (electric mobility as service) platform, PMI Electro Mobility Solutions is a zero emission commercial vehicle manufacturer in India.