Tech Company Financing Transactions
PMI Electro Mobility Solutions Funding Round
On 10/25/2023, PMI Electro Mobility Solutions raised $30 million in financing from Piramal Alternatives.
Transaction Overview
Company Name
Announced On
10/25/2023
Transaction Type
Venture Equity
Amount
$29,971,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to further develop its solutions, bring technological advancements to its production capabilities, and scale its operations.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Plot No. 26, Industrial Area Dharuhera
Rewari, Haryana, Undisclosed
IN
Rewari, Haryana, Undisclosed
IN
Phone
Website
Email Address
Overview
We currently are in the business of manufacturing, assembling, marketing and selling electric buses and are the only company building all three sized E-Buses in India. Looking at the worsening air quality and escalating carbon monoxide and hydrocarbon emissions in the environment we came up with an aim to achieve the goal of introducing Emission Free Passenger E-mobility Solutions in India. Thereafter, PMI Electro Mobility Solutions Private Limited was incorporated, in June, 2017
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Aanchal Jain
Founder
Satish Jain
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