JBM Electric Vehicles Private Limited (JBMEV), a subsidiary of JBM Auto Limited, has entered into a Memorandum of Understanding (MoU) with Drivn, an electric commercial vehicle leasing platform, for the supply of 500 ultra-modern electric luxury buses, as per the exchange filings.
The partnership aims to expand electric commercial mobility through integrated leasing and financing solutions while supporting JBM EV's Net Zero 2040 commitment and India's transition towards greener public transport.
Under the agreement, JBM EV will deliver 500 advanced electric buses in phases over the next year. The initial deployment will focus on luxury intercity coaches for fleet operators across India.
The offering combines long-term vehicle financing, maintenance and charging infrastructure, enabling operators to adopt electric buses without significant upfront capital investment while simplifying vehicle ownership and lifecycle management.
The companies will also explore opportunities in school transportation, employee mobility and airport transit services.
Nishant Arya, Chairman, JBM Electric Vehicles, said "India witnessed a growth of 40% in e-bus registrations in H1 CY2026 with 2,944 bus registrations" under the PM E-Bus Sewa and PM E-Drive schemes.
He added that "the transition to clean mobility must be both scalable and financially viable," noting that the collaboration is designed to support a "future-ready, zero-emission mobility ecosystem."
Alpna Jain, Co-founder and Chief Business Officer of Drivn, said "Commercial fleet electrification requires an ecosystem that makes the transition both operationally seamless and financially viable," adding that the integrated leasing model will help accelerate commercial EV adoption across India.
Since entering the electric bus segment in 2018, JBM EV has deployed more than 3,500 electric buses globally and expects this number to exceed 5,000 over the next year.
Under its 3 billion e-km promise, the company's buses have already covered 450 million e-km while serving 1.5 billion commuters worldwide.
JBM EV operates the world's largest dedicated integrated electric bus manufacturing facility outside China in the Delhi-NCR region, with an annual production capacity of 20,000 buses. Its portfolio includes luxury coaches, intercity, city, staff, school and special purpose electric buses.
Read More: JBM Auto Shares Surges Over 2%; JBM EV Expands Electric Coach Portfolio with GALAXY Launch!
As of 13 July 2026, at 2:37 PM, JBM Auto Ltd share price was trading at ₹693.15 per share, reflecting a surge of 1.23% from the previous trading session.
The collaboration expands JBM EV's electric mobility portfolio by combining vehicle manufacturing with integrated leasing, financing and charging solutions, while broadening its presence across multiple commercial passenger transport segments.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 13, 2026, 4:41 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
