Business · Updated 13 Oct, 07:45 pm IST
GreenCell Mobility raises ₹330 Cr to expand electric bus fleet
Why it matters for readers: Explains that this startup is expanding electric buses in many Indian cities with new funding.
- GreenCell Mobility raised ₹330 Cr (about $34.6 Mn) in an equity funding round led by Impact Fund Denmark.1
- The funds will support the rollout of roughly 4,500 electric buses that are currently under deployment.1
- The Mumbai-based startup plans to grow its fleet to over 5,000 e-buses across 105 cities in India.1
- GreenCell acquires electric buses through contract manufacturing arrangements with vendors and operates them for intercity and intracity travel.1
- The company said the equity investment gives it headroom to execute its order book, strengthen service delivery and scale operations.1
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