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Pinnacle-VDL JV to invest INR 20 billion to enter bus and last-mile EV market in India

On February 21, Pinnacle Mobility Solutions, a unit of Pune-based Pinnacle Industries announced that they would invest INR 20 billion to make electric buses and e-mini trucks to cater to the last-mile mobility space.
Pinnacle Mobility entered into a 74:26 partnership with Europe’s VDL Groep. The company will set up ....

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