The strategic funding reflects JBM's commitment to sustainable mobility and circular economy principles. It was granted following rigorous ESG audits by approved consultants. This funding marks a crucial step toward transforming public transportation in multiple cities by providing clean, technologically advanced, safe, and convenient mobility solutions.
Company’s strategy for expansion
The funds from ADB and AIIB will be infused in a phased manner to supply and operate electric buses under the GCC model across various states. This move is a significant step in JBM’s ongoing efforts to promote sustainable public transportation and support India’s Net Zero 2070 target.
JBM Ecolife Mobility, a subsidiary of JBM Auto Limited, is a key player in India’s electric bus mobility and EV ecosystem. The company has deployed over 1,500 electric buses across 10 states and 15 major airports in India. With a robust order book exceeding 6,500 electric buses, either deployed or under execution, JBM operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, located in the Delhi-NCR region, with an annual production capacity of 20,000 electric buses.
Sustainability initiative
"We are grateful to ADB and AIIB for their continued support in advancing sustainable public transportation across India," said Nishant Arya, Vice Chairman & Managing Director of JBM Group. "Over the years, we have worked relentlessly toward introducing zero-emission technologies, reflecting our vision for promoting sustainable development and responsible growth for the organisation and all its stakeholders. We have pioneered electric mobility solutions in India and consciously developed a complete EV ecosystem to accelerate the deployment of EVs across multiple regions."
He added, "We remain committed to playing a pivotal role in helping India achieve its Net Zero 2070 target. Our electric buses will continue to lead India’s e-mobility momentum, bringing clean public mobility solutions to the grassroots."
Suzanne Gaboury, ADB's Director General for Private Sector Operations, emphasised the significance of this investment: "Supporting electric buses is an investment not only in sustainable transport but also in public health through cleaner air and in climate action by reducing emissions. ADB’s partnership with the JBM Group will help build clean, safe, and inclusive public transport in India."
JBM’s electric buses
Since their introduction in 2018, JBM's electric buses have set new standards for passenger comfort, safety, affordability, and innovation. These buses have disrupted the global green public transportation sector, reinforcing JBM’s commitment to excellence. Under the company's "1 billion e-kilometers" initiative, JBM’s electric buses have already clocked 150 million e-kilometers and served over 1 billion bus commuters globally.
Najeeb Haider, Director General of Global Project and Corporate Finance at AIIB, expressed his enthusiasm for the project: "This collaboration focuses on accelerating the adoption of clean energy public mobility solutions, enhancing the quality of life in urban and semi-urban areas. We aim to set a precedent for future green infrastructure projects in India, with this one being a transformative effort driving sustainable and resilient development."
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