bp Ventures invests 9 million USD in intercity bus platform Zingbus

Zingbus partners with bp and Jio-bp pulse to scale operations and electrify India’s intercity bus routes, enhancing affordability and reliability.

London, United Kingdom- B P Ventures Private Limited., has invested $9 million USD in Zingbus., Series A round. The Delhi-based start-up offers a tech platform for electric bus operators, providing digital infrastructure for pricing, fleet management, route optimization, and a dedicated ticketing marketplace.

India's vast road network and high intercity travel demand drive Zingbus' mission to improve mobility by addressing challenges like unsafe boarding points and unreliability. Since 2019, it has served over two million users, partnering with bus operators to transition from ICE buses to electric vehicles.

Mr. Prashant Kumar, Zingbus CEO and co-founder, said, Zingbus aims to streamline the transition to electric buses in India, offering a cost-effective solution as the government targets a 100% electric bus fleet by 2030. Their advanced tech platform empowers operators, making the transition seamless and scalable, with plans to support over 3,000 electric buses on Indian highways in the next 5-6 years.

Zingbus has partnered with Jio-bp pulse to use its EV charging network and convenience sites for bus operators on its platform. Jio-bp pulse operates India’s largest EV fleet charging hubs and recently installed its 5,000th charge point.

Mr. Gareth Burns, vice president of bp Ventures, said, Zingbus’ tech platform offers affordable intercity travel solutions, benefiting both operators and customers. bp Ventures' investment and Jio-bp pulse partnership support the transition to electric fleets, enhancing reliability and reducing costs. This aligns with bp’s strategy to champion innovation in the energy sector.