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KKR acquires minority stake in PMI Electro to grow electric bus fleets in India

On March 18, 2026, KKR announced that its climate-focused funds will invest up to USD 310 million in a partnership with Allfleet India and PMI Electro Mobility, acquiring a majority stake in Allfleet and a minority stake in PMI Electro. Allfleet, set up by PMI in 2022, develops, owns, and operates large electric bus ....

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