EKA mobility raises Rs 57.5 billion from IJF, NIIF in Series A round

EKA Mobility, an electric vehicle (EV) manufacturer, has raised Rs 57.5 billion ($56.8 million) in a Series A funding round from India-Japan Fund (IJF) managed by the National Investment and Infrastructure Fund (NIIF). The proceeds will be utilised for expanding manufacturing capacity, research and development capabilities, and supply-chain infrastructure.