Announced Thu, 18 Jun · 11:16 IST
JBM Ecolife secures INR 750 Cr investment from Motilal Oswal to scale e-bus deployment
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AI summary
JBM Ecolife Mobility, a JBM Auto subsidiary, secured INR 750 Cr long-term strategic investment from Motilal Oswal Alternates, the largest ever Indian investment in electric mobility. Funds will deploy about 2000 e-buses, expanding the fleet from 3400 to 5000 in 12 months. Consolidated orderbook stands at 10,000 plus e-buses. Plant capacity is 20,000 buses annually. EY was financial advisor.
Likely market impact
Major capital infusion for growth subsidiary; strengthens e-bus scaling, validates business model, positive for parent JBM Auto.