GreenCell Mobility Raises USD 89 Million to Expand Electric Bus Fleet Under India’s National E-Bus Programme

GreenCell Mobility has successfully raised USD 89 million to significantly boost its electric bus fleet under India's National E-Bus Programme. This funding injection is set to expand the fleet to an impressive 3,700 vehicles, marking a substantial step forward in India's commitment to sustainable urban transport solutions. The infusion of capital will not only increase the number of electric buses on the roads but also enhance the infrastructure required to support this burgeoning fleet. The funds will be strategically allocated to secure buses through auctions, ensuring that GreenCell Mobility can access the latest models equipped with cutting-edge technology. This move aligns with India's broader goals of reducing carbon emissions and promoting clean energy alternatives in public transportation. By adopting a more extensive electric bus network, the initiative aims to provide eco-friendly and efficient transit options to millions of commuters across urban centers. GreenCell Mobility's ambitious expansion is expected to create a ripple effect in the electric vehicle industry, encouraging further investments and developments in sustainable transport solutions. As the company scales its operations, it will also contribute to job creation and technological innovation within the sector. This development underscores the growing momentum behind India's transition towards a greener future, with electric buses playing a pivotal role in shaping the country's sustainable urban mobility landscape.

— Authored by Next24 Live