New Delhi, Sept. 14 -- Eka Mobility, the electric bus maker promoted by India's Pinnacle Industries and backed by Japan's Mitsui Corporation and Dutch VDL Groep, plans to invest Rs.800 crore this financial year to expand capacity and ensure timely delivery of buses to state governments and private operators.

The investment will be funded through a mix of equity and debt, helping it increase the number of buses it can deliver every month, a top company official said. Including the planned outlay, the company would have invested over Rs.1,800 crore since its inception in 2022.

The investment wave in the electric bus segment comes at a time when Megha Engineering's Olectra Greentech drew flak from the Maharashtra state government over dela...