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JBM Ecolife Mobility secures $100M from ADB and AIIB for electric bus expansion in India.
JBM Ecolife Mobility, a subsidiary of JBM Auto, has obtained $100 million in funding from the Asian Development Bank and the Asian Infrastructure Investment Bank to expand its electric bus operations in India.
The funding will facilitate the operation of electric buses under a Gross Cost Contract model across various states.
This initiative aims to support India's Net Zero 2070 target and enhance sustainable public mobility while reducing the carbon footprint.
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JBM Ecolife Mobility asegura $100 millones de ADB y AIIB para la expansión de autobuses eléctricos en la India.