JBM Ecolife secures Rs 8.37 billion in funding from AIIB and ADB

JBM Ecolife Mobility has secured Rs 8.37 billion in strategic funding, with approximately Rs 4.2 billion million each from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB). Under the PM-eBus Sewa Scheme, JBM Ecolife Mobility will manage the buses’ procurement, supply, operation and maintenance, and develop the necessary electric and civil infrastructure on a gross cost contracting basis.