JBM Auto Limited
Key Transaction Details
JBM ECOLIFE Mobility Private Limited has secured a long-term strategic investment of ₹750 crore from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group. This represents the largest ever investment by any Indian investor in electric mobility to date.
Investment Purpose and Utilization
The growth capital will be channelized towards scaling electric bus deployment across India, specifically for the rollout of state-of-the-art, high-capacity, energy-efficient e-buses. The funds will enable operation and rolling deployment of zero-emission public transport fleets operating under long-term agreements with state transport authorities.
Operational Impact and Scale
The investment will deploy approximately 2000 energy-efficient e-buses across India. The company currently has ~3400 e-buses deployed pan India and plans to have ~5000 e-buses on roads within the next 12 months.
Environmental Impact
- Estimated reduction of CO2 emissions by approximately 2.5 billion kgs over the buses' lifetime
- Estimated savings of approximately 1 billion liters of diesel over lifetime
- Supports India's long-term net-zero targets and aligns with PM Gati Shakti vision, PM e-Bus Sewa Programme, and PM e-Drive initiative
Employment Generation
The deployment is expected to generate employment for over 7000 people.
Current Business Scale
JBM Auto Limited and JBM Ecolife Mobility currently have a consolidated orderbook of 10,000+ electric buses (deployed and under execution). The company has established one of the world's largest dedicated integrated electric bus manufacturing facilities outside China, located in Delhi-NCR region, with annual production capacity of 20,000 electric buses.
Operational Milestones
JBM electric buses have already clocked 400 million e-kilometers under the company's 3 billion e-kms promise, having served over 1.5 billion bus commuters across the world.
Geographic Presence
JBM Ecolife currently operates electric buses across multiple Indian states including Delhi, Gujarat, Maharashtra, Haryana, Orissa, Telangana, Karnataka, and Andaman & Nicobar.
Advisory Roles
EY acted as the exclusive financial advisor to JBM Ecolife for this transaction. Trilegal and Khaitan & Co. served as legal advisors.
Management Commentary
Mr. Nishant Arya, Vice Chairman & MD of JBM Auto Ltd., stated that this partnership will act as a major catalyst for scaling e-bus deployment to various states. Rakshat Kapoor, Head - Private Credit at MO Alternates, emphasized that India's green energy mandate and urban mobility imperative are creating structural investment opportunities.