KKR Invests up to $310 Million in Allfleet Electric Bus Platform and Stakes in PMI Electro Mobility to Scale India Operations

March 20, 2026

KKR committed up to $310 million to form a strategic partnership with Allfleet India Private Limited and PMI Electro Mobility Private Limited to scale an electric bus platform in India. KKR-managed funds will acquire a majority stake in Allfleet and a minority stake in PMI Electro, supporting expansion of electric public transport infrastructure across Indian cities.

Buyers
KKR
Targets
Allfleet India Private Limited, PMI Electro Mobility Private Limited
Platforms
Allfleet India Private Limited
Industry
Transportation
Location
India
Transaction Type
Growth capital

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