JBM Auto Limited has announced a major milestone with its subsidiary, JBM Ecolife Mobility Pvt Ltd, securing a $100 million capital investment from the International Finance Corporation (IFC). The funding, approved on 11 September 2025, will support the purchase and operations of 1,455 electric buses across Maharashtra, Assam, and Gujarat.
The deal marks IFC’s largest-ever global investment in e-buses and its first capital investment in the sector in Asia, further aligning with India’s green mobility goals.
The investment will enable large-scale deployment of zero-emission buses under the Pradhan Mantri e-bus Sewa Scheme, where Maharashtra and Assam projects are the first to use the Payment Security Mechanism (PSM) to reduce payment risks with state and municipal undertakings.
Currently, buses account for 70–75% of public transport trips in India, with more than 2 million buses in operation nationwide. The Government of India is targeting 40% e-bus penetration by FY2030, making this collaboration a pivotal step.
As per the exchange filing, Nishant Arya, Vice Chairman & MD of JBM Auto Ltd, said:
“We are proud to be partnering with IFC (a member of the World Bank Group) and contributing majorly to their largest-ever e-bus deployment project. Over the last decade, we have successfully deployed our zero-emission public mobility solutions across 20+ cities pan-India and globally across Europe, the Middle East, and the APAC region.”
Makhtar Diop, Managing Director of IFC, stated: “E-mobility is the future and we are making it real through investments in leaders like JBM. Together, we're setting benchmarks for sustainable, resilient, and globally replicable urban transport.”
JBM Auto has already established itself as a leader in the EV and e-bus ecosystem. The company has 2,500+ e-buses running across 10 states and 15 airports, with a robust order book of 11,000 buses under execution.
Through JBM Ecolife Mobility, the company operates fleets in cities including Mumbai, Delhi, Ahmedabad, Surat, Bhubaneswar, Hyderabad, and Cuttack, and plans to scale operations to 6,500+ buses within two years. Globally, JBM has delivered solutions across Europe, the Middle East, and APAC, reinforcing its position as a trusted mobility partner.
Read More: PM Modi Hails Auto Industry as Leader of Make-in-India Initiative!
As of September 12, 2025, at 12:27 PM, JBM Auto share price is trading at ₹692.65 per share, reflecting a gain of 10.67% from the previous closing price. Over the past month, the stock has gained by 12.51%.
The IFC investment represents a defining moment for JBM Auto and India’s public mobility sector. With a goal to cut 1.6 billion kgs of CO₂ emissions, save 600+ million litres of diesel, and create over 5,500 jobs, this collaboration is set to transform urban transport.
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Published on: Sep 12, 2025, 1:49 PM IST
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