Mumbai, June 18 -- The investment will provide growth capital to accelerate JBM Ecolife's electric bus deployment and strengthen sustainable public transportation infrastructure across India. According to the company, the transaction marks a core milestone for MO Alternates' sustainability-focused investment strategy and supports the expansion of zero-emission public transport fleets operating under long-term agreements with state transport authorities.

JBM Auto stated that the funding represents the largest investment by an Indian investor in the electric mobility sector to date. The capital infusion will be utilised for the rollout of high-capacity, energy-efficient electric buses aimed at replacing conventional diesel fleets, reducing...