JBM Auto Targets $500 Million Fundraise to Scale Up Electric Bus Business.

JBM Auto is exploring a potential $500 million fundraising to support the rapid expansion of its electric mobility business, according to industry sources. The move comes as the company looks to execute and scale an order book of nearly 10,000 electric buses.

The company has already raised more than $250 million for its electric mobility platform to date, including a $100 million investment in FY26. With deployments gathering pace, JBM Auto is expected to seek additional capital in the coming months to sustain growth.

Investment activity in the electric mobility segment has surged significantly over the past year. JBM Auto has secured around $100 million from International Finance Corporation. Meanwhile, GreenCell Mobility has raised nearly $89 million from investors including IFC, British International Investment, and Tata Capital.

In addition, private equity firm KKR has committed about $310 million to support PMI Electro Mobility and related platforms, highlighting growing investor interest in India’s electric transport ecosystem.