Key Quantitative Figures

  • Supply of 500 ultra-modern electric luxury buses
  • Deployment planned in phases over the next one year
  • JBM EV has deployed over 3500 e-buses globally
  • Target to exceed 5000 e-buses in the next one year
  • 450 million e-kilometers already clocked under company's 3 billion e-kms promise
  • 1.5 billion bus commuters served globally
  • Manufacturing capacity of 20,000 buses per annum at Delhi-NCR facility

Dates and Timeline

  • MOU signed on July 13, 2026
  • Deployment planned over next one year in phases

Parties Involved

  • JBM Electric Vehicles Private Limited (Subsidiary of JBM Auto Limited)
  • Drivn (electric commercial vehicle leasing platform)

Purpose and Rationale

  • Make electric vehicle adoption more accessible through integrated leasing and financing solutions
  • Foster innovation in green public mobility and decarbonisation
  • Support India's Net Zero 2040 commitment
  • Enable fleet operators to transition to electric buses without significant upfront capital investment
  • Simplify vehicle ownership and lifecycle management

Operational Details

  • Initial rollout will focus on luxury intercity coaches with fleet operators across India
  • Integrated offering includes long-term vehicle financing, maintenance, and charging infrastructure solutions
  • Companies will explore opportunities in school transportation, employee mobility, and airport transit services
  • Drivn provides OEM-agnostic approach with proprietary platform for asset utilization and performance management

Market Context

  • India witnessed 40% growth in e-bus registrations in H1 CY2026 with 2,944 bus registrations
  • Growth driven by PM E-Bus Sewa and PM E-Drive schemes

Company Background

JBM Electric Vehicles Private Limited operates the world's largest dedicated integrated electric bus manufacturing facility outside China in Delhi-NCR region. The company offers extensive portfolio of e-buses including luxury coach, intercity, city, staff, school and special purpose vehicles.

Drivn is backed by global institutional investors and serves intercity transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale.