Gurgaon- JBM Auto Limited., an automotive sector, has announced the incorporation of its wholly owned subsidiary, JBM EV Ventures Private Limited., The company received the Certificate of Incorporation from the Registrar of Companies, NCT of Delhi and Haryana, on February 25, 2025. This strategic move underscores JBM Auto’s commitment to advancing electric vehicle (EV) solutions in India.
JBM EV Ventures a subsidiary of JBM Auto Limited, has been incorporated with an authorized share capital of Rs. 10,00,000 and a paid-up share capital of Rs. 5,00,000. With 100% ownership by JBM Auto, the company is yet to commence business operations and has no recorded turnover.
JBM EV Ventures aims to provide innovative EV battery solutions, focusing on subscription-based services, leasing, R&D, and promoting sustainable transportation through partnerships. Financially, the company’s incorporation does not involve related party transactions or require regulatory approvals. The acquisition was completed through a 100% cash subscription of Rs. 5,00,000 for 50,000 equity shares of Rs. 10 each.
The launch of JBM EV Ventures Private Limited reinforces JBM Auto’s commitment to advancing India’s EV ecosystem. By focusing on battery leasing, rental services, and R&D, the company supports the growth of electric mobility and aligns with government initiatives like FAME. This move strengthens JBM Auto’s position as an industry innovator, driving energy-efficient transportation solutions.
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