JBM Auto secures Rs 750 crore investment for e-bus deployment

JBM Auto unit on Thursday secured Rs 750 crore long-term investment from Motilal Oswal to deploy 2,000 e-buses and advance sustainable public transit infrastructure in India. This marks the largest ever investment by any Indian investor electric mobility till date, the company said in a regulatory filing.

JBM Ecolife said the growth capital will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities.

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JBM Auto share price: Shares of JBM Auto Ltd. were trading at Rs 704.10 (+11.80) after surging by 1.70% as at 12:17 on Thursday.

With EY as the exclusive financial advisor to JBM Ecolife and Trilegal and Khaitan & Co. as legal advisors for this transaction, the capital infusion is set to be channelised towards the rollout of high capacity, energy-efficient e-buses.

Currently, the consolidated orderbook size of JBM Auto and JBM Ecolife Mobility stands at 10,000+ electric buses deployed and under execution. The company now aims to have 5,000 e-buses on roads pan India in the next 12 months from the current 3,400.

JBM has one of the world's largest (outside China) dedicated integrated electric bus manufacturing facility, located in Delhi-NCR region, with an annual production capacity of 20,000 electric buses.

“We are delighted to partner with Motilal Oswal as we enter our next phase of transformative growth at JBM Ecolife. With our market leadership in the electric bus market in India in FY26, this strategic partnership will act as a major catalyst towards further scaling our e-bus deployment to various states, delivering cleaner air and modernized public commuting experiences across urban centres," said Nishant Arya, Vice Chairman & MD, JBM Auto Ltd.

Arya further noted that currently India is the third largest electric bus market in the world undergoing a historic shift in public transport infrastructure toward electrification.

Speaking on the investment, Rakshat Kapoor, Head - Private Credit at MO Alternates, said, "India's green energy mandate and urban mobility imperative are converging to create a structural investment opportunity of significant scale, and JBM Ecolife stands as its most credible institutional expression."

"JBM's long-term concession structures offer predictable, contract-backed cash flows which is precisely the architecture that makes for compelling private credit investments," Kapoor added.

Rs 750 crore commitment is a high-conviction allocation, and Motilal Oswal looks forward to working alongside the JBM leadership to generate sustainable value for our investors and the environment, he said.