EKA Mobility Collaborates with Mitsui and VDL Groep to Establish Global OEM in India
This strategic cooperation marks a significant milestone in the evolution of the Indian automotive industry, propelling India toward becoming a global hub for sustainable transportation.
December 27, 2023. By News Bureau
This is one of the largest and most significant partnerships in the new mobility segment in India bringing together the strengths and expertise of three leading automotive conglomerates in Asia & Europe to accelerate the development and adoption of innovative electric mobility solutions globally.
Under the cooperation, EKA Mobility, known for its cutting-edge electric vehicles and comprehensive EV ecosystem, will receive significant and strategic investments from Mitsui, a global trading and investment company with a rich history of contributing to industrial innovation, and technological support & equity partnership from VDL Groep, a Dutch technology and manufacturing company. The combined expertise and resources of the three entities will usher in a new era of sustainable transportation and manufacturing excellence.
Mitsui & Co., Ltd. will make significant financial investments in EKA Mobility, enabling the company to scale up its manufacturing operations and expand its product portfolio. Mitsui will also provide support to EKA for exports to select emerging markets as well as establishment of systems & process.
As part of this partnership, VDL Bus & Coach, a subsidiary of VDL Groep and Europe’s frontrunner in electric buses & coaches will support EKA Mobility by transfer of technology to produce electric buses in India for the Indian market.
The alliance is firmly aligned with the Indian government's 'Make in India' initiative, aimed at promoting local manufacturing and job creation. The cooperation emphasizes a commitment to sustainability and environment conscious mobility solutions, furthering the reduction of carbon footprints.
Dr. Sudhir Mehta, Founder & Chairman of EKA Mobility, expressed his views about the cooperation, stating, "This partnership with Mitsui and VDL Groep represents a significant step toward making India a global hub for electric vehicle manufacturing. We are proud to join forces with such distinguished partners who share our vision of sustainable, profitable & efficient transportation."
Nobuyoshi Umezawa, GM of Mobility Business Division in Mitsui & Co. India: "Through the cooperation of EKA, VDL, and Mitsui, we aim to contribute to 'Make in India' by leveraging EKA's excellent engineering and local network, and VDL's cutting-edge technological capabilities. Furthermore, we would like to utilize our Mitsui's global network to promote exporting EKA's competitive products to overseas markets and contribute to creating eco-friendly societies".
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