JBM Ecolife Mobility secures ₹750 crore hybrid investment from Motilal Oswal Alternates

PE / VC 18 Jun 2026· ₹750 cr · Completed· ✓ Verified

The transaction closed in June 2026 and was structured through Motilal Oswal Alternates' India Credit Excellence Fund-I (ICEF-I), combining structured debt and equity-linked securities to provide growth capital. The capital will support acquisition, operation and deployment of zero-emission e-buses under long-term agreements with state transport authorities. JBM Ecolife currently operates approximately 3,400 buses across multiple Indian states and has a consolidated order book exceeding 10,000 buses (deployed and under execution). The company operates one of the world's largest dedicated integrated electric bus manufacturing facilities outside China in Delhi-NCR with annual production…

Why it mattersHybrid debt-equity private credit architecture validates long-term concession-based cash flow model for green infrastructure; demonstrates emerging Indian alternative fund appetite for contract-backed bus fleet operations competing with IFC/multilateral funding.
CounselTrilegal, Khaitan & Co
SectorEnergy & Renewables
Value₹750 cr
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