JBM Auto’s EV Arm Secures $100 Million Investment from IFC.

JBM Ecolife Mobility, the electric vehicle (EV) subsidiary 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.

The funding is a major boost for the company's efforts to expand India's electric bus fleet.

"We are proud to be partnering with IFC and contributing majorly to their largest-ever e-bus deployment project," said Nishant Arya, Vice Chairman & Managing Director of JBM Auto.

IFC Managing Director Makhtar Diop emphasized the importance of the investment, stating, "E-mobility is the future, and we are making it possible through investments in leaders like JBM and GreenCell. Together, we are setting benchmarks for sustainable, resilient, and globally replicable urban transport—a foundational pillar of India’s urban transformation agenda."