NIIF’s India-Japan Fund Invests INR 500 Crore in EKA Mobility
The capital infusion from IJF is expected to support EKA Mobility's plans to increase its manufacturing capacity, advance Research and Development (R&D) initiatives, improve its supply chain infrastructure, and enhance its marketing efforts aimed at domestic and international markets.
October 17, 2025. By News Bureau
This aligns with IJF’s objective to invest in the climate segment and further accelerate investments in the India-Japan corridor.
The capital infusion from IJF is expected to support EKA Mobility's plans to increase its manufacturing capacity, advance Research and Development (R&D) initiatives, improve its supply chain infrastructure, and enhance its marketing efforts aimed at domestic and international markets.
Krishna Kumar, Partner and Fund Head-IJF, said, “Our investment in EKA Mobility continues to reflect our confidence in India’s electric mobility potential and the capability of homegrown OEMs to drive meaningful change in the market. IJF is supporting enterprises that are shaping India’s journey to a low-carbon economy, and also committed to promoting India-Japan business partnerships. We are glad to support Eka Mobility's growth in the sustainable commercial transportation segment, wherein it combines its technical, design capabilities and manufacturing infrastructure to take advantage of India's transition in the mobility segment.”
EKA Mobility's existing shareholders include VDL Groep (Netherlands), Mitsui & Co., Ltd. (Japan), and ENAM Holdings (India).
Makoto Uchida, Senior Managing Director, Japan Bank for International Cooperation (JBIC) and Executive Director, JBIC IG Partners, said, "We welcome IJF's partnership with EKA Mobility, reflecting the fund's commitment to invest in opportunities that contribute to environmental preservation in India as well as to promote collaboration between Indian and Japanese companies. Together with our partner NIIF, JBIC group—including our subsidiary JBIC IG Partners, which is supporting NIIF in promoting Japanese investments in India through the IJF initiative—will continue to contribute to deepening the bilateral relationship between India and Japan."
The collaboration between NIIF and EKA Mobility aligns with the Government of India’s stated objectives on electrification of public transport and promotion of domestic manufacturing under the Make-in-India and Atmanirbhar Bharat initiatives.
Dr Sudhir Mehta, Founder and Chairman, EKA Mobility, added, “We are proud to have NIIF as a strategic partner in our growth journey. This investment comes at a crucial time as we expand operations, strengthen our R&D, and accelerate the adoption of electric mobility across India. NIIF’s support reinforces our shared vision of creating sustainable, inclusive, and future-ready transportation solutions.”
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