JBM Auto , through its subsidiary JBM Ecolife Mobility, a key player in the electric vehicle sector, has announced a significant boost to its e-bus operations with a substantial capital infusion from the International Finance Corporation (IFC). The company has successfully raised $100.00 million, marking a major milestone in its journey towards sustainable transportation solutions.

Strategic Investment for Green Mobility

The $100.00 million investment from IFC, a member of the World Bank Group, is earmarked specifically for scaling up the deployment of electric buses in JBM Ecolife Mobility's operations. This move aligns with the global push towards cleaner and more sustainable public transportation systems.

Implications for Electric Bus Market

This capital injection is expected to have far-reaching implications for the electric bus market in India:

• Expanded Fleet: The funding will likely result in a significant increase in the number of electric buses manufactured and deployed by JBM Ecolife Mobility.
• Enhanced Infrastructure: Part of the investment may be directed towards developing supporting infrastructure, such as charging stations, crucial for the widespread adoption of electric buses.
• Technological Advancements: The capital could fuel research and development efforts, potentially leading to improvements in battery technology, range, and overall performance of electric buses.

IFC's Commitment to Sustainable Transportation

The International Finance Corporation's decision to invest in JBM Ecolife Mobility underscores its commitment to supporting green initiatives and sustainable development. This investment is part of IFC's broader strategy to promote clean energy and reduce carbon emissions in developing countries.

Looking Ahead

As JBM Ecolife Mobility gears up to utilize this substantial investment, the Indian electric vehicle market, particularly in the public transportation sector, is poised for significant growth. The company's expansion plans, backed by IFC's financial support, could play a crucial role in accelerating the adoption of electric buses across the country, contributing to reduced urban air pollution and lower carbon emissions in the transportation sector.

This development marks a significant step forward in India's journey towards sustainable and eco-friendly public transportation, with JBM Ecolife Mobility at the forefront of this green revolution in mobility.

JBM Auto , through its subsidiary JBM ECOLIFE Mobility, has secured a significant $100 million capital investment from the International Financial Corporation (IFC) to accelerate the deployment of electric buses across India. This move marks a major step forward in the electrification of public transport in the country.

Investment Details and Deployment Plans

The $100 million investment, provided in INR equivalent long-term capital, will be utilized for the purchase and operation of 1,455 electric buses. These modern, air-conditioned e-buses are set to be deployed across cities in Maharashtra, Assam, and Gujarat, enhancing the public transportation infrastructure in these states.

Strategic Importance and Environmental Impact

Nishant Arya, Vice Chairman & MD of JBM Auto Ltd, highlighted the significance of this partnership, stating, "We are proud to be partnering with IFC (a member of the World Bank Group) and contributing majorly to their largest ever e-bus deployment project." He further emphasized the environmental benefits of this initiative, projecting a reduction of over 1.6 billion kg in CO2 emissions and savings of more than 600 million liters of diesel over the project tenure.

JBM's Track Record and Future Plans

JBM ECOLIFE Mobility has already made significant strides in the e-mobility sector:

• Deployed over 2,500 e-buses across 10 states and 15 airports
• Current order book of 11,000 e-buses under execution
• Clocked 200 million e-kms and served 1 billion passengers since 2018
• Operates one of the world's largest dedicated e-bus plants in Delhi-NCR, with an annual capacity of 20,000 units

IFC's Perspective

Makhtar Diop, Managing Director of IFC, expressed enthusiasm about the partnership, stating, "E-mobility is the future—and we are making it real through investments in leaders like JBM. Together, we're setting benchmarks for sustainable, resilient, and globally replicable urban transport."

Innovative Financing and Market Potential

The projects in Maharashtra and Assam, tendered under the Pradhan Mantri e-bus Sewa Scheme, introduce a formal Payment Security Mechanism (PSM) to mitigate payment risks associated with municipal and state transport undertakings. This innovative approach is expected to enhance the bankability and replicability of future e-bus projects.

With buses accounting for 70-75% of public transport trips in India, the country presents a significant opportunity for electrification. The government has set an ambitious target of 40% e-bus penetration by FY2030, and investments like this are crucial steps towards achieving this goal.

Employment and Economic Impact

The project is expected to generate employment for over 5,500 people and impact the lives of over 1 billion passengers over its tenure, showcasing its potential for both economic and social development.

This investment by IFC, its first in the e-bus sector in Asia and its largest globally, not only accelerates e-bus deployment but also strengthens urban transport resilience across Indian cities, setting a new benchmark for sustainable mobility solutions.