NEW DELHI, Oct. 9 -- Eka Mobility, a new-age electric bus maker, has secured over Rs.1,400 crore in debt this year, marking its biggest funding drive as it sets out to deliver on two major government orders it won against established rivals and expands its market presence.

Eka was awarded a Rs.1,306 crore lending facility by a consortium of banks in February and it issued Rs.100 crore worth of debentures to ICICI Prudential Corporate Credit Opportunities Fund AIF last month, with its board approving raising another Rs.400 crore through debentures, according to company filings reviewed by Mint.

The borrowings follow a $57 million ( Rs.500 crore) funding round in October last year led by the National Investment and Infrastructure Fund, an...