KKR to invest up to USD 310 million in Allfleet-PMI Electro e-bus partnership

Reuters10:00

KKR to invest up to USD 310 million in Allfleet-PMI Electro e-bus partnership

KKR-managed funds agreed to commit up to USD 310 million to form a strategic partnership with Allfleet and PMI Electro to scale Allfleet’s electric bus platform. KKR is expected to acquire a majority stake in Allfleet and a minority stake in PMI Electro as part of the transaction. Allfleet said it is on course to deploy more than 5,000 electric buses under long-term concession and service agreements with multiple state transport authorities. The transaction is expected to close in mid-2026, subject to regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KKR & Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260316328702) on March 18, 2026, and is solely responsible for the information contained therein.

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