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JBM Ecolife Mobility, part of JBM Auto, has raised INR 750 crore investment from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group. JBM Ecolife Mobility specialises in the procurement, operation, and maintenance of electric buses. The company says it will use the capital towards the rollout of high-end and energy efficient e-buses.
EY acted as the exclusive financial advisor to JBM Ecolife while Trilegal and Khaitan & Co. were the legal advisors for this transaction. According to the company, the consolidated orderbook size of JBM Auto and JBM Ecolife Mobility stands at 10,000+ electric buses deployed and under execution.
JBM has set up one of the world’s largest (outside China) dedicated integrated electric bus manufacturing facility, located in Delhi-NCR region with an annual production capacity of 20,000 electric buses.
Nishant Arya, Vice Chairman & MD, JBM Auto Ltd. said “We are delighted to partner with Motilal Oswal as we enter our next phase of transformative growth at JBM Ecolife. With our market leadership in the electric bus market in India in FY26, this strategic partnership will act as a major catalyst towards further scaling our e-bus deployment to various states, delivering cleaner air and modernized public commuting experiences across urban centres”.
“India is currently the third largest electric bus market in the world undergoing a historic shift in public transport infrastructure toward electrification. From the current ~3400 JBM e-buses deployed pan India, we will have ~5000 e-buses on roads in the next 12 months. Our proven integration of fleet management systems with advanced engineering uniquely positions us to lead this transition with enhanced agility and scale”, Arya further said.
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