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

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SUMMARY

IFC has also committed $100 Mn in financing to another electric bus manufacturer player JBM Ecolife Mobility

IFC said that the twin investments will create 12,000 jobs and deploy 4,000 electric buses and charging stations across 39 municipalities across India

Founded in 2019, GreenCell Mobility acquires electric buses via contract manufacturing arrangements with vendors and then deploys them for both intercity and intracity travel

International Finance Corporation…



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


SUMMARY

IFC has also committed $100 Mn in financing to another electric bus manufacturer player JBM Ecolife Mobility

IFC said that the twin investments will create 12,000 jobs and deploy 4,000 electric buses and charging stations across 39 municipalities across India

Founded in 2019, GreenCell Mobility acquires electric buses via contract manufacturing arrangements with vendors and then deploys them for both intercity and intracity travel

International Finance Corporation…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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