JBM Ecolife secures ₹750 crore to deploy 2,000 more electric buses
According to the JBM Auto subsidiary, the capital will be used to expand both its electric bus fleet and the associated operational infrastructure required to support large-scale deployments. The planned addition of 2,000 buses is expected to significantly increase JBM Ecolife’s presence in India’s rapidly growing electric public transport sector.
The company says it currently operates around 3,400 electric buses nationwide. With the latest investment, that number is expected to grow to approximately 5,000 vehicles within the next 12 months. The group manufactures its electric buses at a dedicated facility in the Delhi-NCR region, which has an annual production capacity of up to 20,000 units. JBM Ecolife also expects the fleet expansion programme to create more than 7,000 jobs across operations, maintenance and associated support functions.
Motilal Oswal Alternates, the alternative investment platform of the Motilal Oswal Group, identified electric public transport as a key infrastructure opportunity, citing the increasing electrification of mobility services and demand for long-term contracted assets.
The investment was advised by EY as financial adviser to JBM Ecolife. Legal advisory services were provided by Trilegal and Khaitan & Co.
The latest funding round comes as India continues to scale up electric bus deployments through a combination of public procurement programmes and private-sector investment, with manufacturers and operators expanding capacity to meet growing demand from state transport authorities.
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