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Vedanshu Singh

Newbieย โ€ขย 3m

๐Ÿ”ฅ $137M bet to electrify Indiaโ€™s buses Deal The World Bankโ€™s IFC is investing $37M in GreenCell Mobility and $100M in JBM Ecolife Mobility a combined $137M package to transform Indiaโ€™s urban transport. Numbers ๐Ÿ”‹ 4,000 electric buses to be deployed across 39 municipalities ๐Ÿ‘ฅ 12,000 jobs created, with a strong focus on womenโ€™s participation ๐ŸŒ Coverage includes Maharashtra, Assam, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Puducherry & Delhi ๐ŸŒฑ Each e-bus expected to cut emissions and reduce Indiaโ€™s dependence on fossil fuels in high-density cities Angle This move is more than financing itโ€™s about building trust in the ecosystem. IFC is introducing a Payment Security Mechanism (PSM) to shield operators from delayed payments by state transport bodies. This innovation reduces risk, attracts more private capital, and sets a replicable model for future e-mobility projects โšก Cleaner cities, inclusive employment, and bankable financing. Indiaโ€™s EV bus revolution is shifting gears

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