Mumbai, Oct. 17 -- The India-Japan Fund (IJF), managed by the National Investment and Infrastructure Fund Limited (NIIF), has announced an investment of INR 5 billion (USD 57 million) in Pune-headquartered electric commercial vehicle manufacturer EKA Mobility.

The capital infusion aligns with IJF's objective to invest in the climate segment and accelerate investments within the India-Japan corridor. EKA Mobility, a subsidiary of Pinnacle Industries, focuses on electric commercial vehicles developed with in-house R&D and technology.

The funding will support EKA Mobility's plans to increase its manufacturing capacity, advance research and development, improve its supply chain infrastructure and enhance marketing efforts for domestic and i...