JBM secures USD 100 million IFC investment to accelerate electric bus rollout in India
By Luke Willetts - 17th October 2025
India – JBM Ecolife Mobility, the electric bus arm of JBM Auto Ltd (JBM) of Gurugram (New Delhi), has secured a USD 100 million investment from the International Finance Corporation (IFC), the private-sector financing arm of the World Bank Group. The capital is earmarked to accelerate the deployment of new battery-electric buses across states, including Gujarat, Maharashtra and Assam under India’s PM-eBus Sewa scheme.
The IFC financing is structured as an equity growth investment, not a loan, enabling JBM to strengthen its balance sheet, expand production capacity, and de-risk large-scale contracts with state transport authorities. For IFC, the investment reflects its mandate to support sustainable infrastructure in emerging markets and advance low-carbon mobility solutions.
