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Mar 18, 2026 8:01 AM

KKR Pours $310 Million Into India's E-Bus Boom

KKR & Co. Inc. (NYSE:KKR) shares are up during Wednesday’s premarket session.

KKR on Tuesday announced it will invest up to $310 million in Allfleet India and PMI Electro Mobility Solutions to scale electric bus operations and manufacturing in India. KKR will take a majority stake in Allfleet and a minority stake in PMI Electro, marking its first Global Climate Transition investment in the country.

Allfleet, launched in 2022, is on track to deploy more than 5,000 e-buses across Indian cities under long-term government contracts. The investment aims to accelerate clean public transport as India pushes toward decarbonization.

The deal is expected to close in mid-2026, pending regulatory approvals.

Technical Analysis

The stock is currently trading 2.6% below its 20-day simple moving average (SMA) and 16.0% below its 100-day SMA, indicating some short-term weakness. Shares have decreased 21.97% over the past 12 months and ...