"JBM Electric Vehicles Pvt Ltd Inks Agreement with Macquarie Group Firm"

JBM Electric Vehicles Private Limited, a subsidiary of JBM Auto Limited, has entered into a significant agreement with MUON India Private Limited, a company under the Macquarie Group umbrella.

Macquarie Group has launched 'Vertelo,' an EV financing platform tailored for India, offering comprehensive solutions encompassing Financing, Fleet Management, and Charging Infrastructure.

Under this collaboration, JBM aims to roll out over 2,000 electric buses, including 9-meter, 12-meter, and other variants, in partnership with MUON over the next couple of years.

The agreement commenced with an initial order for 43 buses in April 2024, marking a pivotal moment for JBM. Remarkably, the company swiftly initiated deliveries within just one month of receiving the order and successfully completed all deliveries by June 10, 2024.

This accomplishment underscores JBM's prowess in the electric bus and EV ecosystem domain, exemplified by its rapid order turnaround time, considered one of the industry's fastest. Leveraging advanced automation, frugal engineering systems, and digitalized processes infused with Industry 4.0 technologies, MES, and virtual manufacturing, JBM has demonstrated unparalleled productivity and agility, facilitating its fastest time to market.

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