JBM Ecolife Mobility, a subsidiary of JBM Auto, has secured a long-term strategic investment of ₹750 crore from Motilal Oswal Alternates. The funding will be used to deploy around 2,000 electric buses under long-term agreements with state transport authorities across India, strengthening the country’s public transport electrification efforts.
The company plans to expand its operational electric bus fleet from about 3,400 buses to nearly 5,000 buses over the next year. JBM estimates that the deployment could significantly reduce carbon emissions and diesel consumption while creating thousands of jobs.
The investment comes amid growing momentum in India’s electric mobility sector and follows a series of large public transport contracts secured by JBM under government-backed e-bus initiatives.
According to the company, the move reinforces its commitment to building sustainable, zero-emission transport infrastructure and supporting India’s clean mobility goals.
