JBM ECOLIFE Mobility Secures ₹750 Crore Investment from Motilal Oswal Alternates for Electric Bus Fleet Expansion
JBM ECOLIFE Mobility Pvt Ltd, the electric mobility arm of JBM Auto Ltd, has secured a strategic long-term investment of ₹750 crore from Motilal Oswal Alternates (MO Alternates). The deal was advised by EY as financial advisor, with Trilegal and Khaitan & Co. acting as legal advisors.
The capital will fund the deployment of high-capacity, energy-efficient electric buses across multiple Indian cities under long-term concession contracts with state transport undertakings, supporting replacement of diesel fleets with zero-emission alternatives.
JBM Auto's Vice Chairman and Managing Director Nishant Arya said the company's active fleet, currently at nearly 3,400 electric buses, is expected to grow to around 5,000 buses over the next year. JBM Auto and JBM ECOLIFE currently hold an order book exceeding 10,000 electric buses either deployed or under execution.
The company operates one of the world's largest integrated electric bus manufacturing facilities outside China, located in the Delhi-NCR region, with an annual production capacity of 20,000 buses. The expansion aligns with national programmes including the PM e-Bus Sewa Programme, PM e-Drive initiative and PM Gati Shakti framework.