About PMI Electro Mobility
PMI Electro Mobility is a company based in Gurugram (India) founded in 2017 by Satish Kumar Jain. PMI Electro Mobility has raised $86.91 million across 4 funding rounds from investors including Piramal Group, Authum Investment & Infrastructure and Gruhas. The company has 373 employees as of April 09, 2024. PMI Electro Mobility offers products and services including Electric Buses, School Bus, and Battery Assembly Plants. PMI Electro Mobility operates in a competitive market with competitors including Proterra, Arrival, Lightning eMotors, Hyzon Motors and Olectra, among others.
- Headquarter Gurugram, India
- Employees 373 as on 09 Apr, 2024
- Founders Satish Kumar Jain
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Pmi Electro Mobility Solutions Private Limited
- Date of Incorporation 28 Jun, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$63.75 M (USD)47.72as on Mar 31, 2023
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Net Profit
$625.71 K (USD)130.24as on Mar 31, 2023
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EBITDA
$4.05 M (USD)350.45as on Mar 31, 2023
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Total Equity Funding
$86.91 M (USD)
in 4 rounds
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Latest Funding Round
$29.19 M (USD), Series C
Jul 02, 2025
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Investors
Piramal Group
& 42 more
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Employee Count
373
as on Apr 09, 2024
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Products & Services of PMI Electro Mobility
PMI Electro Mobility offers a comprehensive portfolio of products and services, including Electric Buses, School Bus, and Battery Assembly Plants.
Produces electric buses for public and commercial use.
Offers electric school buses for safe, eco-friendly transport.
Develops plants for localized, sustainable battery production.
People of PMI Electro Mobility
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Funding Insights of PMI Electro Mobility
PMI Electro Mobility has successfully raised a total of $86.91M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $29.19 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in PMI Electro Mobility
PMI Electro Mobility has secured backing from 43 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Piramal Group, Authum Investment & Infrastructure and Gruhas.
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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Micro-investments are targeted by Pravan Holdings venture capital firm.
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Investor details for PMI Electro Mobility
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Investments & Acquisitions by PMI Electro Mobility
Investment portfolio details for PMI Electro Mobility
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Financial Statements - PMI Electro Mobility
Detailed financials for PMI Electro Mobility
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Pmi Electro Mobility Comparisons
Peer comparison for PMI Electro Mobility
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Competitors of PMI Electro Mobility
PMI Electro Mobility operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Proterra, Arrival, Lightning eMotors, Hyzon Motors and Olectra, among others.
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Electric buses and charging systems are manufactured for fleets.
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Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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SaaS management solutions for EV charging operators are provided.
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Developer of multiple categories of commercial vehicles
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Electric buses and transmission insulators are developed by Olectra.
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Electric commercial vehicles including trucks and buses are developed.
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Detailed competitors of PMI Electro Mobility
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Latest news on Pmi Electro Mobility
Complete news archive for PMI Electro Mobility
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Frequently Asked Questions about PMI Electro Mobility
PMI Electro Mobility was founded in 2017 and raised its 1st funding round 6 years after it was founded.
PMI Electro Mobility is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Satish Jain is the current CEO of PMI Electro Mobility.
PMI Electro Mobility is a funded company, having raised a total of $86.91M across 4 funding rounds to date.
As of Apr 09, 2024, the latest employee count at PMI Electro Mobility is 373.
Annual revenue of PMI Electro Mobility is $63.75M as on Mar 31, 2023.
Founded in 2017 and based in Gurugram, India, PMI Electro Mobility operates in the electric transport sector. A platform is provided for zero-emission eBuses, supporting urban and intercity routes across multiple regions. Thousands of vehicles are in service, facilitating sustainable travel options. Emphasis is placed on reliability, passenger safety, and operational efficiency to meet environmental standards.
PMI Electro Mobility's top competitors include Proterra, Arrival and Lightning eMotors.
PMI Electro Mobility offers Electric Buses, School Bus, and Battery Assembly Plants.
PMI Electro Mobility has 43 investors. Key investors include Piramal Group, Authum Investment & Infrastructure, Gruhas, Antique Limited, and Singularity Ventures AMC.
The valuation of PMI Electro Mobility is $155.71M as of Oct 2024.