JBM Ecolife raises Rs 900 crore from Motilal Oswal Fund for biz expansion (opens original article in a new tab)

JBM Ecolife Mobility secures ₹900 crore from Motilal Oswal Fund through debt and equity to expand its electric bus business, aiming to increase fleet size from 2,000 to nearly 5,000 buses.

• JBM Ecolife raises ₹900 crore from Motilal Oswal Fund through debt and equity
• Funding includes ₹450 crore structured debt at 13% and ₹450 crore equity-linked capital
• Electric bus platform to scale from 2,000 to nearly 5,000 buses with new funding
• Motilal Oswal Private Credit provides capital for expansion of electric bus business