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PMI Electro Mobility Files for India IPO

Electric bus maker PMI Electro Mobility Solutions has confidentially filed draft papers for an initial public offering in Mumbai. The KKR-backed company operates a fleet of 3300 e-buses across Indian cities.

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PMI Electro Mobility Solutions has confidentially filed draft papers for an IPO in India, seeking to list its commercial vehicle business. The electric bus maker operates a fleet of 3,300 vehicles across 34 cities. The move follows a funding round by KKR & CO INC.

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