MoU13 Jul 2026, 01:10 pm
JBM Electric Vehicles to Supply 500 Electric Buses to Drivn
AI Summary
JBM Electric Vehicles Private Limited (JBMEV), a subsidiary of JBM Auto Ltd., has signed a Memorandum of Understanding (MOU) with Drivn, an electric commercial vehicle leasing platform. Under this agreement, JBMEV will supply 500 ultra-modern electric luxury buses. The deployment is planned over the next year, focusing initially on intercity coaches with integrated leasing, financing, maintenance, and charging solutions. This partnership aims to make electric vehicle adoption more accessible for fleet operators by reducing upfront capital investment and simplifying lifecycle management. Both companies will also explore opportunities in school transportation, employee mobility, and airport transit.
Key Highlights
- JBM Electric Vehicles to supply 500 electric luxury buses to Drivn.
- Partnership focuses on integrated leasing and financing for e-bus adoption.
- Aims to reduce capital barriers for fleet operators transitioning to EVs.
- Collaboration supports India's decarbonisation agenda and green mobility goals.
Price Impact
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