JBM Auto secures ₹750 crore investment to expand electric bus fleet
By Axel Miller | 18 Jun 2026
Summary
JBM Auto’s subsidiary JBM Ecolife Mobility has secured a ₹750 crore investment from Motilal Oswal Alternates to support the deployment of 2,000 electric buses across India. The funding will strengthen the company’s electric mobility operations and support the expansion of zero-emission public transport services under long-term contracts with state transport authorities.
NEW DELHI, June 19, 2026 — JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Ltd., has secured a ₹750 crore investment from Motilal Oswal Alternates (MO Alternates) to support the deployment of 2,000 electric buses across India.
The investment has been made through MO Alternates’ India Credit Excellence Fund-I (ICEF-I) and will be used to finance the procurement and operation of electric buses under long-term public transport contracts.
JBM Auto said the funding will help expand sustainable public transportation infrastructure and strengthen its position in India’s growing electric mobility market.
The company’s electric bus operations are supported by long-term agreements with state transport undertakings (STUs), providing transportation services across multiple states and union territories including Delhi, Gujarat, Maharashtra, Haryana, Odisha, Telangana, Karnataka and the Andaman & Nicobar Islands.
Nishant Arya, Vice Chairman and Managing Director of JBM Auto, said the investment would support the company’s efforts to expand electric public transportation and accelerate fleet deployment across the country.
JBM Auto said its electric mobility platform currently has more than 3,400 electric buses deployed or under operation and an order book exceeding 10,000 buses.
The company manufactures electric buses at its integrated production facility in the Delhi-NCR region, which has an annual production capacity of up to 20,000 units.
Rakshat Kapoor, Head of Private Credit at MO Alternates, said the investment reflects growing institutional interest in sustainable transportation infrastructure and electric mobility assets backed by long-term contracts.
According to company disclosures, Ernst & Young acted as financial advisor to JBM Ecolife Mobility, while Trilegal and Khaitan & Co. advised on legal aspects of the transaction.
Why this matters
- Growth in electric public transport: The investment supports the deployment of 2,000 additional electric buses, helping accelerate the transition to cleaner urban mobility.
- Institutional capital enters e-mobility: The transaction highlights growing interest from private credit investors in electric transportation infrastructure.
- Long-term contract model: Revenue generated through agreements with state transport authorities provides visibility for fleet expansion and financing.
- Manufacturing scale: JBM Auto’s domestic manufacturing capacity positions it to meet increasing demand for electric buses across India.
FAQs
Q1: How much investment has JBM Ecolife secured?
JBM Ecolife Mobility has secured a ₹750 crore investment from Motilal Oswal Alternates.
Q2: What will the funding be used for?
The capital will support the deployment and operation of 2,000 electric buses across India.
Q3: Which fund made the investment?
The investment was made through Motilal Oswal Alternates’ India Credit Excellence Fund-I (ICEF-I).
Q4: How many electric buses does JBM currently operate?
JBM Auto has stated that more than 3,400 electric buses are deployed or operational through its mobility platform.
Q5: What is JBM Auto’s manufacturing capacity?
The company operates an electric bus manufacturing facility in the Delhi-NCR region with annual production capacity of up to 20,000 units.