Private Equity

PE-VC Fund Investments

EV maker JBM Ecolife raises Rs.900-Cr from Motilal Oswal Private credit fund

Economic Times   JBM Ecolife Mobility  

Gurugram-based JBM Ecolife Mobility has raised INR 900 crore from Motilal Oswal Private Credit. The transaction consists of a mix of debt and equity-linked capital. The debt component of the transaction is priced at approximately 13% and carries a tenure of four to five years.The company intends to utilize the newly raised capital to support the expansion of its electric bus business, specifically to enhance its participation in large-scale electric bus tenders and to facilitate the execution of existing contracts.Following this investment, the company plans to scale its electric bus platform from the current fleet of 2,000 units to approximately 5,000 units over the next few years.

Between Sep 2024 and Sep 2025, JBM Ecolife Mobility had attracted about $ 200 M in debt funding from ADB, AIIB and IFC.For FY25, JBM Ecolife Mobility had reported about INR 19 Cr in Operating Income and about INR 17 Cr in Net Loss.