GreenCell Mobility secures $40m financing from SMBC for Uttar Pradesh electric bus project, reducing 2.35 lakh tonnes CO2 emissions.
GreenCell Mobility received Rs 307 crore ($40 million) green financing from Sumitomo Mitsui Banking Corporation for an electric bus project in Uttar Pradesh, India. The funding will support the procurement, operation, and maintenance of 350 electric buses, reducing approximately 2.35 lakh tonnes of CO2 emissions. This marks SMBC's first project finance transaction in e-mobility in the Asia Pacific.
May 07, 2024
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