About PMI Electro Mobility
PMI Electro Mobility is a Transportation, Automotive & Logistics company based in Gurugram (India) founded in 2017 by Satish Kumar Jain. Electric mobility solutions are delivered via an eBus platform. 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. PMI Electro Mobility was last valued at $155.71 million in October 2024. Its chief executive, as recorded, is Satish Jain. Its website pmielectro.com draws about 15 thousand monthly visits. Its Indian entity Pmi Electro Mobility Solutions Private Limited reported revenue of ₹437 Cr. PMI Electro Mobility offers products and services including Electric Buses, School Bus, and Battery Assembly Plants. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Commercial Vehicles.
Company details
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.
- Headquarters Gurugram, India
- Employees 373
- Founders Satish Kumar Jain
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website pmielectro.com
- Social LinkedIn X Facebook
- Legal Name Pmi Electro Mobility Solutions Private Limited
- Date of Incorporation 28 Jun, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹437 Cr
FY 2024 · -20% YoY
- Net Profit₹20.32 Cr
FY 2024 · 5% margin
- EBITDA₹86.82 Cr
FY 2024 · 20% margin
- Total Equity Funding$86.91M (USD)
in 4 rounds
- Latest Funding Round$29.19M (USD), Series C
Jul 2025
- InvestorsPiramal Group
& 42 more
- Employee Count373
Associated legal entities of PMI Electro Mobility
PMI Electro Mobility operates through Pmi Electro Mobility Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pmi Electro Mobility Solutions Private Limited CIN U45100DL2017PTC319899 | Active | 28 Jun 2017 | New Delhi, Delhi | ₹437 Cr | 373 | 7 | View details |
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.
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.
- Total Funding $86.91M
- Total Rounds 4
- Last Round Series C — $29.19M
- First Round $30.11M
(Oct 2023)
- Investors Count 43
All 4 funding rounds of PMI Electro Mobility with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $29.19M | Series C | – | – | |
| Jul 2025 | Series C | – | – | ||
| Oct 2024 | $27.62M | Series C | $155.71M | Authum Investment & Infrastructure | |
| Oct 2023 | $30.11M | Series C | – | Piramal Group | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2024 | $155.71M | •••••••• |
Last known valuation $155.71M (Oct 2024). 43 investors in total: 21 institutional and 22 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | foundercollective.com | Cambridge, United States | ||
Venture capital firm investing in technology-driven innovations and partnerships in India. | 2021 | gruhas.com | Bengaluru, India | |
Micro-investments are targeted by Pravan Holdings venture capital firm. | pravanholdings.tcc.mode | Hyderabad, India | ||
Investment management services in growth equity and public investments in India. | 2016 | singularityamc.com | Mumbai, India | |
Private equity firm | mahimastocks.tcc.mode | |||
Diversified investments in infrastructure and other sectors are managed. | 1982 | authum.com | Mumbai, India | |
| alpna.tcc.mode | ||||
Provides comprehensive financial services solutions to clients. | antiquelimited.com | Mumbai, India | ||
Provides investment management services focused on portfolio construction and risk assessment. | 2019 | nksqrglobal.com | Bengaluru, India | |
| threegemventures.tcc.mode |
Investor details for PMI Electro Mobility
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Pmi Electro Mobility Solutions Private Limited (PMI Electro Mobility)
Pmi Electro Mobility Solutions Private Limited is the primary company behind PMI Electro Mobility. The board of Pmi Electro Mobility Solutions Private Limited currently have 4 directors; the longest-serving is Anurag Agarwal, appointed in 2017. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anurag Agarwal DIN 02600416 | Whole-time director | 28 Jun 2017 | 9 yrs 3 mo | Pmi Electro Mobility Solutions Private Limited |
| Satish Kumar Jain DIN 01401641 | Managing Director | 28 Jun 2017 | 9 yrs 3 mo | Pmi Electro Mobility Solutions Private Limited |
| Aanchal Jain DIN 09609724 | Whole-time director | 05 Apr 2023 | 3 yrs 6 mo | Pmi Electro Mobility Solutions Private Limited |
| Renu . Yadav DIN 10235952 | Director | 01 Oct 2024 | 2 yrs | Pmi Electro Mobility Solutions Private Limited |
People of PMI Electro Mobility
9 people are tracked at PMI Electro Mobility (6 in leadership, 3 in team); the tracked headcount is 373.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
| Co-CEO | Leadership | |
| Co-CEO | Leadership | |
Lt. Col. Gyaneshwar Jadli | Vice President After Sales & Services And Head ITMS | Leadership |
Deepak Hulyalkar | Vice President-materials & Sourcing | Leadership |
Dipesh Dwivedi | Director | Leadership |
Nitesh Pathak | (itms Engineer ) | Team |
Rahul Yadav | IT Manager | Team |
Devki Nandan Pandey | Production Engineer | Team |
Complete people profiles for PMI Electro Mobility
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of PMI Electro Mobility
Figures of Pmi Electro Mobility Solutions Private Limited, the primary company behind PMI Electro Mobility, for FY 2024. Revenue was ₹437 Cr (-20% year on year). Net profit was ₹20.32 Cr (5% margin). EBITDA was ₹86.82 Cr (20% margin). Revenue has grown at a compounded annual rate of +115% over three years and +83% over five years.
- ₹437 CrRevenue · FY 2024 · -20% YoY
- ₹20.32 CrNet profit · 5% margin
- ₹86.82 CrEBITDA · 20% margin
- ₹235 CrPaid-up capital
- 373Employees (provident fund records)
- +115%Revenue CAGR, 3 years
- +83%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pmi Electro Mobility Solutions Private Limited are on its company page.
Detailed financial statements for PMI Electro Mobility
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PMI Electro Mobility
4 dated milestones of PMI Electro Mobility across 8 years, from founding to its latest funding, stage changes and deals.
- Founded PMI Electro Mobility is founded.
- Funding First funding round of $30.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $29.2M.
Web traffic of PMI Electro Mobility
The website of PMI Electro Mobility (pmielectro.com) receives about 15.1K visits a month.
- Monthly visits15.1K
▼ 24.6% vs previous month
Websites whose visitors overlap most with PMI Electro Mobility. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
newsaaspaas.com | newsaaspaas.com | 100% | – | ||
newzcafe.co.in | newzcafe.co.in | 99% | #14,947,120 | – | |
ahmedabadexpress.com | ahmedabadexpress.com | 98% | #12,425,619 | – | |
jaihindnewspaper.com | jaihindnewspaper.com | 97% | #7,612,818 | – |
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as PMI Electro Mobility (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about 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 CEO of PMI Electro Mobility, as recorded in our data.
PMI Electro Mobility is a funded company, having raised a total of $86.91M across 4 funding rounds to date. The company's 1st funding round was a Series C of $30.11M, raised on Oct 2023.
PMI Electro Mobility has 373 employees.
The primary company behind PMI Electro Mobility, Pmi Electro Mobility Solutions Private Limited, reported revenue of ₹437 Cr for FY 2024, down 20% year on year.
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 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.
PMI Electro Mobility operates through Pmi Electro Mobility Solutions Private Limited.
The legal entities of PMI Electro Mobility currently have 6 directors, including Anurag Agarwal, Renu . Yadav, Hemanth Kundavaram and others.