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JBM Auto on Thursday said its group firm JBM Ecolife Mobility has secured a USD 100 million long-term capital investment from International Financial Corporation (IFC).
The investment will finance deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat, the company said in a statement.
“With trusted partners like IFC, this initiative serves as a strategic beginning to many more upcoming associations towards augmenting e-bus deployment with enhanced agility and scale,” JBM Auto Vice Chairman & MD Nishant Arya stated.
Over the last decade, the company has successfully deployed zero-emission public mobility solutions across over 20 cities pan-India and globally across Europe, Middle East, and the APAC region, he added.Add as a Reliable and Trusted News Source “E-mobility is the future, and we are making it real through investments in leaders like JBM,” International Finance Corporation MD Makhtar Diop stated.
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