JBM Auto’s subsidiary (JV) -- JBM ECOLIFE Mobility has successfully secured a $100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). These Funds will be infused towards supplying and operating electric buses under the Gross Cost Contract (GCC) model in multiple states pan India in phased manner. The announcement seamlessly aligns with the company’s mission towards taking the green public mobility revolution to the grassroot level in India.
The strategic funding has been secured following comprehensive Environmental, Social and Governance (ESG) audits conducted by approved consultants, truly reflecting JBM’s commitment towards augmenting sustainable mobility across the globe and its focus towards circular economy. This momentous development marks a pivotal step in transforming public transportation within multiple cities providing them with clean mobility solutions that are technologically superior, safe and convenient.
JBM Auto is the flagship company of JBM Group. It is engaged in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories & maintenance contract of Buses.
