- The funding includes USD 100 million for JBM ECOLIFE (part of JBM Auto Ltd) and USD 37 million in mezzanine capital for GreenCell Mobility, an OEM‑agnostic e‑bus operator.
- The investment will support the deployment of 4,000 electric buses and charging stations across 39 municipalities in states including Maharashtra, Assam, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Puducherry, and Delhi.
- It is expected to create 12,000 jobs, including opportunities for women.
- The projects will use a Payment Security Mechanism (PSM) to mitigate payment risks for operators, enhancing bankability of future e‑bus projects.
- The initiative aligns with PM eBus Sewa, PLI schemes, and India’s goal to become a global EV manufacturing hub.
Question:
Q.1 On 11 September 2025, which institution pledged USD 137 million to boost India’s e-mobility sector?a) International Finance Corporation (IFC)
b) Asian Development Bank (ADB)
c) New Development Bank (NDB)
d) World Economic Forum (WEF)
Answer: a) International Finance Corporation (IFC) part of the World Bank Group, announced USD 137 million investment to strengthen India’s e-mobility sector.
