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In a significant boost to India’s electric public transportation sector, JBM Ecolife Mobility, a subsidiary of JBM Auto Ltd., has secured a long-term strategic investment of ₹750 crore from Motilal Oswal Alternates. The investment is expected to support the expansion of electric bus operations across the country and strengthen clean mobility infrastructure.
According to the company, the funding will facilitate the deployment of approximately 2,000 new electric buses under long-term agreements with various state transport authorities. The initiative aims to promote zero-emission public transportation while contributing to India’s sustainability and urban mobility goals.
JBM Ecolife Mobility stated that the capital will be utilized to expand its fleet of energy-efficient electric buses and related infrastructure. The company estimates that the planned deployment could reduce carbon dioxide emissions by nearly 2.5 billion kilograms and save around one billion litres of diesel over the operational lifetime of the vehicles.
Currently, the company operates about 3,400 electric buses across multiple cities in India and plans to increase that number to nearly 5,000 within the next 12 months. The expansion is also expected to generate more than 7,000 direct and indirect employment opportunities.
Motilal Oswal Alternates, the alternative investment arm of Motilal Oswal Group, said the investment aligns with its strategy of supporting sustainability-focused infrastructure and long-term contracted assets. The firm highlighted India’s rapidly growing public transport electrification sector as a strong long-term investment opportunity.
JBM Auto and JBM Ecolife Mobility together have an order book exceeding 10,000 electric buses that are either deployed or under execution. The company also operates a dedicated electric bus manufacturing facility in the Delhi-NCR region with an annual production capacity of 20,000 buses.
The transaction was advised by EY as financial advisor to JBM Ecolife Mobility, while legal advisory services were provided by Trilegal and Khaitan & Co.
The investment comes at a time when government agencies and private sector players are intensifying efforts to accelerate electric mobility adoption, reduce transport-sector emissions, and decrease dependence on conventional fossil fuels.
