"JBM Ecolife Mobility has secured a $100 million investment from the International Finance Corporation (IFC), a member of the World Bank Group, to accelerate the deployment of electric buses in the Indian market. According to Business Standard, the funding will support the introduction of modern air-conditioned electric buses in two western Indian states - Gujarat and Maharashtra - as well as in the north-eastern state of Assam. The projects in Maharashtra and Assam will be carried out under contracts awarded through the PM-eBus Sewa Scheme."
"Over the past decade, we have successfully implemented our zero-emission public mobility solutions in more than 20 cities across India and internationally across Europe, the Middle East, and the APAC region. With over 11,000 buses delivered and in the pipeline, we are proud to have covered more than 200 million electric kilometers and served over 1 billion passengers to date."
IFC provided a $100 million investment to JBM Ecolife Mobility to accelerate electric bus deployment in India. The funding will support introduction of modern air-conditioned electric buses in Gujarat, Maharashtra, and Assam, with Maharashtra and Assam projects implemented under contracts awarded through the PM-eBus Sewa Scheme. JBM has implemented zero-emission public mobility solutions in more than 20 cities across India and internationally, delivering over 11,000 buses, covering more than 200 million electric kilometers, and serving over 1 billion passengers. The investment aims to scale up e-bus deployments more broadly and with greater agility.
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