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Vedanshu Singh

Newbie • 20d

🔥 $137M bet to electrify India’s buses Deal The World Bank’s IFC is investing $37M in GreenCell Mobility and $100M in JBM Ecolife Mobility a combined $137M package to transform India’s urban transport. Numbers 🔋 4,000 electric buses to be deployed across 39 municipalities 👥 12,000 jobs created, with a strong focus on women’s participation 🌍 Coverage includes Maharashtra, Assam, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Puducherry & Delhi 🌱 Each e-bus expected to cut emissions and reduce India’s dependence on fossil fuels in high-density cities Angle This move is more than financing it’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 ⚡ Cleaner cities, inclusive employment, and bankable financing. India’s EV bus revolution is shifting gears

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