KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform Allfleet

KKR to invest $310 million for India focused E-bus platform

Global investment firm KKR is injecting up to $310 million into Allfleet India and PMI Electro Mobility Solutions. This strategic partnership aims to significantly expand electric public transport fleets across India. The investment will bolster Allfleet's operations and enhance PMI Electro's manufacturing capabilities. This move supports India's drive for cleaner urban mobility and decarbonisation.

KKR to invest $310 million in Allfleet, PMI Electro to scale e-bus platform in India

As part of the deal, KKR-managed funds will acquire a majority stake in Allfleet and a minority stake in PMI Electro

KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform Allfleet

Transaction marks milestone first KKR Global Climate Transition investment in India

KKR To Invest $310 Mn In PMI Electro Mobility, Allfleet To Scale Its E-Bus Platform

Electric bus manufacturer PMI Electro Mobility, along with its electric bus platform Allfleet, has signed a definitive agreement with private equity (PE) giant KKR for an investment commitment of up to $310 Mn under its sustainability-focused strategy, KKR Global Climate Transition (GCT). While the deal will see KKR pick up a minority stake in PMI Electro Mobility, it will lap up a majority stake in Allfleet to help scale the electric bus platfo…

KKR makes $130m investment in India’s Allfleet E-Bus platform

KKR has struck a $310m deal to scale Allfleet’s electric bus operations in India, marking its first Global Climate Transition investment in the country. The transaction, is expected to close in mid-2026 pending regulatory approvals. The deal involves KKR acquiring a majority stake in Allfleet and a minority stake in PMI Electro Mobility Solutions, the e-bus manufacturer behind Allfleet’s platform. Founded in 2022, Allfleet operates electric publ…

KKR’s 310mn investment in India to boost Electric Bus fleets via PMI Electro & Allfleet

KKR invests $310M in PMI Electro and Allfleet India, propelling India's electric bus infrastructure. This funding expands e-bus operations and manufacturing, aiming to deploy over 5,000 electric buses across key cities.