JBM Auto has secured a Rs 750 crore [1] long-term investment from Motilal Oswal Alternates to expand its electric-bus deployment across India.

This funding arrives as Indian states and cities increase demand for zero-emission public transit to reduce urban pollution and meet climate goals. The capital injection allows JBM Auto to scale its operational capacity and meet the growing requirements of government contracts.

JBM Auto currently operates a fleet of 3,400 e-buses [4] in India. The company intends to significantly grow this number, though reports on the scale of the immediate rollout vary. Some estimates suggest a plan to deploy 2,000 e-buses [2], while other reports indicate a target of 5,000 e-buses [3] within the next 12 months.

Nishant Arya said the strategic partnership will act as a catalyst for scaling the company's e-bus deployment.

The investment is backed by strong growth projections for the sector. Analysts expect the electric-bus segment to maintain a compound annual growth rate of 50% to 70% [6] over the next three to four years.

This growth is expected to reflect in the company's financials. Rakshat Kapoor said revenue should be Rs 2,500 crore [5] for JBM Ecolife by FY29.

The partnership focuses on accelerating the rollout of green transit solutions to help Indian cities transition away from fossil-fuel-dependent transport systems.

“Strategic partnership will act as a catalyst for scaling our e-bus deployment”

The investment signals a shift toward large-scale private capital supporting public infrastructure in India. By partnering with an investment arm like Motilal Oswal, JBM Auto is positioning itself to dominate the electric transit market during a high-growth phase, leveraging government demand to scale its fleet rapidly before the market saturates.