JBM Ecolife Mobility Private Limited, a part of JBM Auto Limited, has secured a long-term strategic investment of Rs 7.5 billion from Motilal Oswal Alternates, the alternative investment arm of the Motilal Oswal Group. The funding is aimed at supporting JBM Ecolife Mobility’s expansion in the electric public transportation segment and strengthening sustainable mobility infrastructure. The investment will be used to support the deployment and operation of electric bus fleets under long-term agreements with state transport authorities across cities.

JBM Ecolife Mobility is an electric bus mobility and EV ecosystem player. It offers integrated electric mobility solutions comprising electric buses, charging infrastructure, fleet intelligence, and operations and maintenance services. The company currently operates electric bus fleets across multiple states, including Delhi, Gujarat, Maharashtra, Haryana and Karnataka.