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Others such as JBM Ecolife, Greencell Mobility, and PMI Electro Mobility have also bid for the large tender. EKA Mobility (Pinnacle Industries) had received approval under the ₹25,000 crore production-linked incentive scheme announced by the Centre for the auto and auto component sector. Adani Enterprises, EKA Mobility and CESL did not respond to ET's queries till press time Thursday.
EBus Fleet In Ayodhya: The e-buses will ply within the city limits providing the visiting public and pilgrims sustainable and comfortable public transport complementing the green transport mission at Ayodhya.
A majority share -- $45.2 million -- of the total funding went to early-stage startups, making up 57% of the total weekly funding. Late-stage startups saw $30 million being pumped in as investments, while seed-stage companies received a mere $4.8 million.
The investment has been made through the Performing Credit Fund (PCF), a sector-agnostic fund of Piramal Alternatives, which caters to the capital needs of mid-market companies, the company said.
The INR57,613 crore, PM-eBus Sewa scheme puts top priority on cities having no organised bus services. With this, Indias tier 2 and tier 3 cities could leapfrog from having no buses to electric bus commutes. Major e-bus manufacturers are scaling up and states are looking to decarbonise public transport. How are finance and charging infra issues being tackled?