JBM ECOLIFE Mobility Pvt. Ltd., a wholly-owned subsidiary of JBM Auto Ltd., has secured a strategic investment of ₹750 crore from Motilal Oswal Alternates, as per an announcement made on June 18, 2026, through an exchange filing.
The company said the funds will be used to support the deployment of electric buses under public transport contracts across India.
The company plans to add new electric buses using the fresh capital. JBM ECOLIFE currently has around 3,400 electric buses operating in different states and expects the fleet size to increase to nearly 5,000 over the next 12 months.
The buses are deployed under agreements signed with various state transport authorities.
JBM Auto and JBM ECOLIFE together have an order book of more than 10,000 electric buses that are either deployed or under execution.
The company manufactures its buses at an integrated facility in the Delhi-NCR region, which has an annual production capacity of 20,000 units. The facility is among the largest dedicated electric bus plants outside China.
The company's electric buses are operating in Delhi, Gujarat, Maharashtra, Haryana, Karnataka, Telangana, Odisha, and other regions.
JBM said its buses have completed more than 400 million electric kilometres since commercial operations began in 2018 and have transported over 1.5 billion passengers.
It also estimates that the planned deployment could save nearly 1 billion litres of diesel and reduce carbon emissions by around 2.5 billion kilograms over the buses' lifetime.
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As of June 18, 2026, 2:30 pm, JBM Auto Ltd share price was trading at ₹705.05, up 1.75% from the previous closing price.
The investment will be used to finance additional electric bus deployment while supporting the execution of JBM ECOLIFE's existing projects and order pipeline across India's public transport network.
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Published on: Jun 18, 2026, 3:01 PM IST
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