JBM Ecolife Mobility, a prominent player in India's electric vehicle sector and a subsidiary of Gurugram-based JBM Auto Ltd, has successfully secured a substantial ₹750 crore long-term strategic investment from Motilal Oswal Alternates (MO Alternates). This significant capital infusion is earmarked to accelerate the deployment of zero-emission electric buses across public transport fleets in key Indian cities.
The growth capital will enable JBM Ecolife to further its mission of replacing traditional diesel fleets with energy-efficient e-buses, directly contributing to the reduction of urban air pollution. According to Nishant Arya, Vice Chairman & MD, JBM Auto, this strategic partnership is a major catalyst for scaling their electric bus rollout across various states. "From the current 3,400 JBM e-buses deployed pan India, we will have 5,000 e-buses on roads in the next 12 months," Arya stated.
India is rapidly emerging as a global leader in electric mobility, currently holding the position of the world's third-largest electric bus market. The shift towards electrifying public transport infrastructure aligns with several national policies, including the PM e-Bus Sewa Programme and PM e-Drive initiative, supporting the nation's broader net-zero goals.
JBM Auto and JBM Ecolife Mobility collectively boast a consolidated orderbook exceeding 10,000 electric buses, encompassing both deployed and under-execution projects. The company's commitment to large-scale production is evident in its state-of-the-art integrated electric bus manufacturing facility in the Delhi-NCR region, which has an impressive annual production capacity of 20,000 electric buses.
Rakshat Kapoor, Head - Private Credit at MO Alternates, emphasized the strategic importance of this investment. "India's green energy mandate and urban mobility imperative are converging to create a structural investment opportunity of significant scale, and JBM Ecolife stands as its most credible institutional expression," Kapoor noted, highlighting the predictable, contract-backed cash flows that make for compelling private credit investments.