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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