JBM Ecolife secures a tender to operate 1021 electric buses • EVreporter
JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited (JBM Group), has secured a tender for the end-to-end execution of 1,021 electric buses and the development of allied electric and civil Infrastructure on GCC basis under the PM-eBus Sewa Scheme from Convergence Energy Services Limited (CESL). The time period to execute the contract is 12-18 months. The company will be responsible for the procurement, supply, operation and maintenance of the electric buses.
The approximate order value of the tender stands at INR 5,500 crores. These e-buses will be deployed in around 19 cities across Gujarat, Maharashtra and Haryana.
The project will be supported by a Payment Security Mechanism (PSM), ensuring timely payments to electric bus operators and enhancing financial sustainability for industry stakeholders. These e-buses will clock over 32 billion passenger km and will save over 1 billion CO2 emissions over 12 years of deployment, added a company statement.
With this order, the company’s order book now stands at 11,000+ electric buses in various execution stages.
Also read: JBM Ecolife secures USD 100M funding from ADB and AIIB
Subscribe & Stay Informed
Subscribe today for free and stay on top of latest developments in EV domain.