JBM Ecolife secures USD 100 mn investment from IFC
JBM Auto on Thursday said its group firm JBM Ecolife Mobility has secured a USD 100 million long-term capital investment from International Financial Corporation (IFC).
The investment will finance deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat, the company said in a statement.
“With trusted partners like IFC, this initiative serves as a strategic beginning to many more upcoming associations towards augmenting e-bus deployment with enhanced agility and scale,” JBM Auto Vice Chairman & MD Nishant Arya stated.
