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    IFC, JBM & GreenCell join forces to accelerate e-bus deployment in India

    Business |Financials

    IFC will invest $137M in JBM and GreenCell to deploy 4,000 e-buses, create 12,000 jobs, and pioneer a payment security mechanism supporting India’s clean mobility drive.

    525 views | Date: September 12, 2025
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    IFC, JBM & GreenCell join forces to accelerate e-bus deployment in India
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    Mumbai/New Delhi- In a significant step toward electrifying public transport in India and expanding innovative urban mobility solutions, IFC has committed $137 million in financing to two leading e-mobility companies. This includes $100 million for JBM ECOLIFE (JBM), part of JBM Auto Limited., and manufacturer and operator of e-buses in India, and $37 million in mezzanine capital for GreenCell Mobility (GreenCell), India’s largest OEM-agnostic e-bus operator backed by Eversource Capital.

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