IFC Invests USD 100 Million in JBM Ecolife for e-Bus Expansion
The investment accelerates e-bus deployment while boosting JBM’s tech edge in safe, sustainable mobility. It is IFC’s first e-bus capital investment in Asia and its largest globally, strengthening urban transport across Indian cities.
September 12, 2025. By News Bureau
Nishant Arya, Vice Chairman and Managing Director (MD), JBM Auto, said, “We are proud to be partnering with IFC (a member of the World Bank Group) and contributing majorly to their largest ever e-bus deployment project. Over the last decade, we have deployed our zero-emission public mobility solutions across 20+ cities pan-India, and globally across Europe, Middle East and the APAC region. With over 11,000 buses deployed and under execution, we are proud to have clocked 200+ Million e-kms and served more than one billion passengers till date. With 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.”
In a first, the Maharashtra and Assam projects, tendered under the Pradhan Mantri e-bus Sewa Scheme, pioneer the use of a formal Payment Security Mechanism (PSM) to mitigate payment risks associated with municipal and state transport undertakings, enhancing the bankability and replicability of future e-bus projects.
Makhtar Diop, Managing Director, International Finance Corporation, said, “E-mobility is the future—and we are making it real through investments in leaders like JBM. Together, we’re setting benchmarks for sustainable, resilient and globally replicable urban transport. By leveraging innovative financing and reliable guarantees, we’re mobilising private capital at scale. India’s leadership is accelerating its own transition while shaping how cities worldwide finance the next generation of mobility.”
This investment will accelerate e-bus deployment and enhance JBM’s technological edge in delivering safe, modular and sustainable mobility solutions. It marks IFC’s first capital investment in the e-bus sector in Asia and its largest globally, strengthening urban transport resilience across Indian cities.
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