Investment11 Sept 2025, 04:10 pm
JBM Ecolife Mobility Secures $100 Million Capital Investment from IFC for e-Bus Deployment
AI Summary
JBM Ecolife Mobility, a JBM Auto Ltd. company and India's leading electric bus manufacturer, has secured a $100 million capital investment from the International Financial Corporation (IFC). The investment will finance the deployment of 1,455 electric buses across cities in Maharashtra, Assam, and Gujarat, aiming to reduce CO2 emissions by over 1.6 billion kgs and save 600+ million litres of diesel. This investment marks IFC's first capital investment in the e-bus sector in Asia and its largest globally, strengthening urban transport resilience across Indian cities.
Key Highlights
- JBM Ecolife Mobility secures $100 Million Capital Investment from International Financial Corporation
- Investment to finance deployment of 1,455 electric buses across cities in Maharashtra, Assam, and Gujarat
- Aim to reduce CO2 emissions by over 1.6 billion kgs and save 600+ million litres of diesel
- Marks IFC’s first capital investment in the e-bus sector in Asia and its largest globally
- Strengthens urban transport resilience across Indian cities