JBM Auto unit on Thursday secured Rs 750 crore long-term investment from Motilal Oswal to deploy 2,000 e-buses and advance sustainable public transit infrastructure in India. This marks the largest ever investment by any Indian investor electric mobility till date, the company said in a regulatory filing.
JBM Ecolife said the growth capital will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities.
