JBM Ecolife Mobility Secures INR 750 Crore Strategic Investment from Motilal Oswal to Scale E-Bus Deployment
New Delhi, June 18, 2026: JBM ECOLIFE Mobility (P) Ltd., a division of JBM Auto Ltd. and a leading electric bus manufacturer in India, has secured a INR 750 Crore long term strategic investment from Motilal Oswal Alternates (MO Alternates). This capital infusion is intended to significantly scale the company’s electric bus deployment and advance sustainable public transit infrastructure across India.The transaction marks a major development in the Indian electric mobility sector, representing the largest-ever investment by any Indian investor into this space. MO Alternates, the alternative investment arm of Motilal Oswal Group, is leading the growth capital allocation.
The financial backing will be channeled toward rolling out advanced, zero-emission public transport fleets that replace traditional diesel vehicles and align with net-zero goals. This strategic partnership aims to drive substantial environmental and social impact:
| Metric | Target/Impact |
|---|---|
| New Buses to Deploy | Approximately 2000 energy-efficient e-buses |
| Employment Generated | Over 7000 people |
| Projected Fleet Size (12 Months) | Around 5000 e-buses on roads pan India |
| Environmental Benefit | Reduction of approximately 2.5 Billion kgs of CO2 emissions over lifetime |
| Fuel Savings | Saving diesel amounting to roughly 1 Billion litres over lifetime |
Mr. Nishant Arya, Vice Chairman and MD of JBM Auto Ltd., stated that the partnership with Motilal Oswal provides a major catalyst for transformative growth at JBM Ecolife. He highlighted that while India is currently the third-largest electric bus market globally undergoing an infrastructure shift, JBM's proven integration of fleet management systems positions them to lead this transition.
"From the current approximately 3400 JBM e-buses deployed pan India, we will have around 5000 e-buses on roads in the next 12 months," Mr. Arya added, emphasizing their commitment to delivering cleaner air and modernized public commuting experiences.
Rakshat Kapoor, Head -Private Credit at MO Alternates, commented that "India's green energy mandate and urban mobility imperative are converging to create a structural investment opportunity of significant scale." He added that JBM Ecolife’s long-term concession structures offer predictable, contract-backed cash flows, making the company an ideal platform for institutionalizing green mobility infrastructure in India.
JBM Auto Ltd. and JBM Ecolife Mobility currently maintain consolidated orderbook size exceeding 10,000 electric buses deployed and under execution. The company operates one of the world's largest dedicated integrated electric bus manufacturing facilities (outside China) in the Delhi-NCR region, boasting an annual production capacity of 20,000 electric buses.
JBM’s commitment to excellence is evident through its operational history; since introducing electric buses in 2018, JBM electric buses have clocked 400 million e-kms and have served over 1.5 billion bus commuters globally. JBM ECOLIFE Mobility provides a comprehensive electric mobility solution through e-mobility as-a-service (eMaaS), integrating the buses with charging infrastructure and fleet intelligence across various states in India, including Delhi, Gujarat, Maharashtra, and Telangana.
JBMA Stock Price Movement
As of 11:41 AM, shares of JBM Auto Limited are edging higher to ₹702.9, reflecting a strong intraday gain of 1.44%. The stock has traded within a significant range today, having touched lows near ₹688.7 and highs of up to ₹713.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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