JBM Ecolife Mobility secures $100 million funding from ADB, AIIB for electric bus expansion

JBM Ecolife Mobility has obtained $100 million in strategic funding from the Asian Development Bank and the Asian Infrastructure Investment Bank. This investment will facilitate the supply and operation of electric buses across several Indian states under the Gross Cost Contract model, aiding India's Net Zero 2070 target by promoting sustainable public transport.

Sep 17, 2024 - 20:00
JBM Ecolife Mobility secures $100 million funding from ADB, AIIB for electric bus expansion

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JBM Ecolife Mobility has obtained $100 million in strategic funding from the Asian Development Bank and the Asian Infrastructure Investment Bank. This investment will facilitate the supply and operation of electric buses across several Indian states under the Gross Cost Contract model, aiding India's Net Zero 2070 target by promoting sustainable public transport.
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