September 15, 2025

In a power-packed move towards cleaner air and smarter rides, JBM Auto’s subsidiary, JBM Ecolife Mobility, has locked in its biggest-ever investment from the International Financial Corporation (IFC) – a proud member of the World Bank family. Nishant Arya, the Vice Chairman and Managing Director of JBM Auto, proudly declared this as IFC's "largest investment in a project for deploying electric buses." This juicy financial backing will turbocharge the rollout of stylish, air-conditioned electric buses in three key Indian states: Gujarat, Maharashtra in the west, and Assam in the northeast. Winners of tenders under the PM-eBus Sewa Scheme, JBM Ecolife Mobility will launch its buses in Maharashtra and Assam using a new safety net called the PM e-Bus Sewa-Payment Security Mechanism (PSM) scheme. This amazing scheme ensures bus makers and operators won’t lose sleep over payment hiccups from public transport authorities. What’s the big picture? Arya shared the grand vision: "By way of this e-bus project, we aim to reduce CO2 emissions by over 1.6 billion kgs, save diesel to the tune of 600+ million litres, generate employment for over 5,500 people, and touch the lives of over 1 billion passengers over the project tenure." Could it get more impactful? India’s streets buzz with two million buses, and with the government now pushing for 40% of all buses to be electric by 2030, JBM Ecolife sees a golden chance to scale up big-time. The government’s clever PM-eBus Sewa scheme offers subsidies to public transport authorities leasing electric buses on a Gross Cost Contract basis. The fresh PSM scheme creates a dedicated fund to make sure bus manufacturers and operators get their payments without worry, ensuring smooth and confident fleet growth. JBM Ecolife is no newbie. Its electric buses already cruise the roads of Delhi, Mumbai, Ahmedabad, Surat, Hyderabad, and other bustling cities. By 2027, this green army vows to grow its fleet to more than 6,500 sparkling electric buses. Behind this electric juggernaut is JBM Auto, which has so far supplied over 2,500 electric buses in 10 states and 15 airports. With an order book of 11,000 more buses hanging, JBM Auto is firing on all cylinders. And wait, the saga gets global! In June, JBM Auto took its electric magic to Europe, picking Germany as the launchpad for its Eco-Life e12, a 12-metre electric city bus. Expect deliveries to roll out between January and March next year, signaling JBM’s rise on the world stage. With clean energy, tons of jobs, and a breath of fresh air for cities, JBM Auto’s electric dream looks ready to power India and beyond into a greener tomorrow.

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Tags: Jbm auto, Electric buses, Ifc investment, Pm-ebus sewa, India electric mobility, Clean energy,