JBM ECOLIFE (JBM Environmental Conscious Operations for Living in India) Secures ₹7.2 Billion from ADB and Asian Infrastructure Investment Bank (AIIB) for Electric Bus Expansion in India.
Banking & Finance
JBM ECOLIFE, a leading player in the electric bus segment, has secured ₹7.2 billion from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) to expand its electric bus operations in India. This funding will support the company's efforts to enhance sustainable public transport and reduce carbon emissions across major cities. The initiative aligns with India’s commitment to transition towards greener transportation solutions. JBM ECOLIFE aims to leverage this investment to introduce more electric buses, improve infrastructure, and contribute to the overall goal of a cleaner environment in urban areas.
The funding will facilitate the development of charging infrastructure to support electric bus operations across cities.
JBM ECOLIFE aims to promote eco-friendly transportation and enhance public transport accessibility for urban commuters.
President: Masatsugu Asakawa
Headquarters: Mandaluyong, Philippines
____________________________
