JBM Auto: A $500 Million Spark for India’s Electric Bus Future

JBM Auto is considering a potential $500 million fundraising to accelerate the expansion of its electric mobility business, according to industry sources. The planned capital raise comes as the company works to execute and scale an order book of करीब 10,000 electric buses.

The company has already raised over $250 million for its electric mobility platform so far, including a $100 million infusion in FY26. With deployment activity gaining momentum, JBM Auto is expected to explore additional funding in the coming months to sustain its growth trajectory.

Investment in the electric mobility space has picked up sharply over the past year. JBM Auto has secured around $100 million from the International Finance Corporation (IFC). Meanwhile, GreenCell Mobility has raised close to $89 million from investors such as IFC, British International Investment, and Tata Capital.

Additionally, private equity firm KKR has committed about $310 million towards PMI Electro Mobility and related platforms, underscoring rising investor interest in India’s electric transport ecosystem.

News by Rahul Yelligetti.