The Future is Electric: JBM Ecolife's $100M Partnership with IFC

JBM Ecolife Mobility, the electric vehicle arm of JBM Auto, has secured a $100 million long-term capital investment from the International Finance Corporation (IFC), a member of the World Bank Group.

This strategic investment will significantly support the company’s mission to scale up India’s electric bus fleet and promote sustainable urban mobility.

“We are proud to partner with IFC and play a key role in their largest-ever electric bus deployment project,” said Nishant Arya, Vice Chairman & Managing Director of JBM Auto.

Highlighting the broader impact, IFC Managing Director Makhtar Diop said, “E-mobility is the future, and we’re enabling it through investments in companies like JBM and GreenCell. Together, we’re setting new standards for sustainable, resilient, and globally scalable urban transport—an essential pillar of India’s urban transformation.”

News by Rahul Yelligetti.