India, June 18 -- JBM ECOLIFE Mobility Pvt. Ltd., a subsidiary of JBM Auto, has secured a strategic long-term investment of Rs 750 crore from Motilal Oswal Alternates to accelerate the deployment of electric buses and strengthen sustainable public transport infrastructure across India.
The investment, led by Motilal Oswal Alternates, will provide growth capital to support the rollout and operation of zero-emission public transport fleets under long-term contracts with state transport authorities in major Indian cities. The company said the funding marks one of the largest investments by an Indian investor in the electric mobility sector.
JBM Ecolife plans to use the proceeds to expand its fleet of high-capacity, energy-efficient electric ...