JBM ECOLIFE Mobility (P) Ltd, a subsidiary (JV) of JBM Auto Restricted and India’s main electrical bus mobility and EV Ecosystem participant, has efficiently secured a $100 million strategic funding from the Asian Growth Financial institution (ADB) and the Asian Infrastructure Funding Financial institution (AIIB).
This Funds can be infused in direction of supplying and working electrical buses beneath the Gross Price Contract (GCC) mannequin in a number of states pan India in phased method.
The announcement seamlessly aligns with the corporate’s mission of taking the inexperienced public mobility revolution to the grassroots stage in India.
The strategic funding has been secured following complete Environmental, Social, and Governance (ESG) audits performed by permitted consultants, actually reflecting JBM’s dedication in direction of augmenting sustainable mobility throughout the globe and its give attention to round economic system.
This momentous improvement marks a pivotal step in remodeling public transportation inside a number of cities offering them with clear mobility options which might be technologically superior, secure, and handy.
Presently, JBM has deployed over 1,500 electrical buses throughout 10 states and 15+ main airports in India.
The corporate boasts of a strong order e-book of 6500+ electrical buses deployed and beneath execution.
Notably, JBM has arrange the world’s largest (outdoors China) devoted built-in electrical bus manufacturing facility, situated within the Delhi-NCR area, with an annual manufacturing capability of 20,000 electrical buses.
JBM electrical buses launched in 2018, have disrupted the inexperienced public transportation area the world over.
These electrical buses have set the best requirements for passenger consolation, security, affordability and innovation and are a testomony to JBM’s unwavering dedication to excellence.
Below the corporate’s 1 bn e-km promise, JBM electrical buses have already clocked 150 million e-km, having served 1 bn bus commuters the world over.