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JBM Ecolife Mobility receives USD 100 mn fund from ADB and AIIB
The Business Guardian
|September 18, 2024
Electric bus manufacturer, JBM Eco life Mobility, a subsidiary (JV) of JBM Auto has secured a USD 100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), the company informed the exchange in a filing on Tuesday.
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The company stated that this fund will be utilised towards supplying and operating electric buses under the Gross Cost Contract (GCC) model in multiple states across India in a phased manner.
As per the company, the strategic funding has been secured following comprehensive Environmental, Social and Governance (ESG) audits conducted by approved consultants.
Currently, JBM has deployed over 1,500 electric buses across 10 states and 15+ major airports in India. The company boasts of a robust orderbook of 6500+ electric buses deployed and under execution.
Cette histoire est tirée de l'édition September 18, 2024 de The Business Guardian.
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