🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Electric mobility company JBM gets $100 mn commitment from offshore investors

VCCircle

VCCircle · 1y ago

Electric mobility company JBM gets $100 mn commitment from offshore investors

JBM Ecolife Mobility, an electric mobility company, has received a commitment of $100 million from offshore investors. The company, a subsidiary of JBM Auto Ltd, won a tender for electric buses earlier this year and is now raising funds from the Asian Infrastructure Investment Bank (AIIB) as part of its expansion plans.

1

Related News

World Bank’s IFC To Infuse $37 Mn In GreenCell Mobility

Inc42 · 4d ago

World Bank’s IFC To Infuse $37 Mn In GreenCell Mobility

The World Bank's International Finance Corporation (IFC) is investing $37 million in GreenCell Mobility, an electric mobility startup, as part of a combined debt and equity deal. Additionally, IFC is providing $100 million in financing to JBM Ecolife Mobility, another electric bus manufacturer. These investments will create 12,000 jobs and support the deployment of 4,000 electric buses and charging stations across 39 municipalities in India. Founded in 2019, GreenCell focuses on deploying electric buses for both intercity and intracity travel.

India's e-bus revolution gets $137 mn IFC backing

Economic Times

Economic Times · 5d ago

India's e-bus revolution gets $137 mn IFC backing

The International Finance Corporation (IFC) announced a $137 million investment to support India's e-mobility industry, focusing on companies JBM Ecolife and GreenCell Mobility. This funding aims to expand electrification in public transport, deploying 4,000 e-buses and creating 12,000 jobs. By introducing a formal payment security mechanism, the initiative enhances the appeal and viability of future e-bus projects, aligning with India's goals to reduce emissions and bolster its position as an electric vehicle manufacturing hub.

Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

Inc42 · 2m ago

Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

Yulu, an electric mobility startup, is raising INR 70 Cr (around $8.2 million) from cofounders and existing investors through a rights issue. Key investors include Bajaj Auto and Magna International, with cofounders Amit Gupta, Hemant Gupta, Naveen Dachuri, and Rajendra Kumar Mishra contributing varying amounts. Yulu aims to secure $100 million in its upcoming Series C round to continue its growth trajectory, with plans to capitalize on the demand in the gig economy electric vehicle space.

What’s at stake for VCs, angel investors as BluSmart ride gets bumpier?

VCCircle

VCCircle · 5m ago

What’s at stake for VCs, angel investors as BluSmart ride gets bumpier?

BluSmart Mobility, a once-promising Indian startup in the electric vehicle sector, faces significant financial challenges, putting millions of dollars at risk for numerous angel investors, venture capital firms, and a major impact investor. Known for its innovative cab-hailing services and charging infrastructure, the Gurugram-based company was considered a beacon of India's burgeoning electric mobility industry. However, its current struggles highlight the volatility and challenges within the sector, affecting stakeholders' potential returns.

BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue

Inc42 · 1y ago

BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue

Parent company Think and Learn, which owns edtech giant BYJU'S, has secured a commitment of $300 million from investors for its ongoing rights issue. The rights issue aims to raise $200 million through equity rights, valuing BYJU'S at $220-250 million. Negotiations are taking place with unhappy investors to encourage their participation in the rights issue. BYJU'S also plans to appoint two independent directors to its board after finalizing its financial results for fiscal year 2023. The troubled edtech firm has faced losses, business model challenges, and conflicts with investors in recent years.

Alt Mobility bags $10 mn Series A cheque from Eurazeo, others

VCCircle

VCCircle · 9m ago

Alt Mobility bags $10 mn Series A cheque from Eurazeo, others

Alt Mobility, an electric vehicle (EV) leasing and lifecycle management firm based in India, has raised $10 million in a Series A funding round. The investment was led by European venture capital firm Eurazeo, along with participation from existing investors Shell Ventures, EV2 Ventures, and Twynam. Alt Mobility currently operates a fleet of 10,000 electric vehicles across 20 Indian cities and plans to expand its fleet to 30,000 vehicles by March 2026. The company offers leasing, insurance, maintenance, and charging services for EV fleet operators and individual drivers.

Intercity EV bus startup LeafyBus raises $4.1 Mn from Enetra EV

Entrackr

Entrackr · 15d ago

Intercity EV bus startup LeafyBus raises $4.1 Mn from Enetra EV

Intercity EV bus startup LeafyBus raises $4.1 Mn from Enetra EV Delhi-based intercity EV bus startup LeafyBus has raised $4.1 Mn in pre-Series A funding from Enetra EV, backed by Singapore’s Impact Capital Asia Management (ICAM). The fresh funds will be used to grow its electric bus fleet and expand services. Founded in 2023 by Rohan Dewan and Animesh Sharma, LeafyBus currently runs electric buses on Delhi–Dehradun and Delhi–Agra routes. The startup now plans to add 100 more buses within the next two years and extend services to cities such as Chandigarh and Jaipur. LeafyBus claims itself as the only long-distance bus operator using a 360 kW fast-charging station. Its fleet comes from OEMs like JBM and Azad India Mobility, with plans to partner with Tata and Eicher for future expansion. The firm follows a hybrid model, owning about 20–25% of its buses while leasing the rest. The startup is aiming for a revenue of Rs 75–80 crore in FY26. Among intercity operators, it competes with NueGo, Fresh Bus, Zing Bus, Yolobus, FlixBus, and Redbus. Last year, ixigo-backed Fresh Bus raised $10.5 million in Series A funding, while Zingbus secured $7 Mn from bp Ventures. The Indian EV market is projected to grow from $23.38 billion in 2024 to $117.78 billion by 2032, at a CAGR of 22.4%. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

EKA Mobility Gets Second Tranche Of INR 200 Cr From Japan’s Mitsui

Inc42 · 1y ago

EKA Mobility Gets Second Tranche Of INR 200 Cr From Japan’s Mitsui

EKA Mobility recently secured fresh capital to support its manufacturing operations, product portfolio expansion, and meet its capex and working capital requirements. The funding is part of an agreement signed with Mitsui and VDL Groep, aiming for joint investments totaling $100 million. EKA Mobility, established in 2022, specializes in the production of electric buses and small commercial vehicles.

Mobility startup Yulu bags $19 mn from existing investors

VCCircle

VCCircle · 1y ago

Mobility startup Yulu bags $19 mn from existing investors

Yulu, a shared electric two-wheeler mobility company, has raised $19.25 million in equity funding from existing investors Magna and Bajaj Auto. Bajaj Auto invested $5.8 million for a 1% stake in the company, bringing its total stake to 18.8%. The additional capital will be used to support Yulu's growth and expand its operations and technology innovation. Yulu currently operates in several Indian cities and offers electric bike rental services and EV charging and battery swapping networks. The company is also planning to raise its Series C funding round in the near future.

PE-backed Everest Fleet raising Series C funding, taps new investor

VCCircle

VCCircle · 1y ago

PE-backed Everest Fleet raising Series C funding, taps new investor

Mumbai-based fleet management company Everest Fleet is in the process of raising Series C funding and securing a new offshore investor. The company, which offers mobility solutions and has investors including Uber, previously received funding from Paragon Partners. Everest Fleet aims to further expand its operations with the new funding round.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

GST 'fraud': MNCs gained from fak ...

Exclusive: Lighthouse-backed Duro ...

US tariffs to shear 5-10% off hom ...

Download the medial app to read full posts, comements and news.