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World Bank’s IFC To Infuse $37 Mn In GreenCell Mobility

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SUMMARY

IFC has also committed $100 Mn in financing to another electric bus manufacturer player JBM Ecolife Mobility

IFC said that the twin investments will create 12,000 jobs and deploy 4,000 electric buses and charging stations across 39 municipalities across India

Founded in 2019, GreenCell Mobility acquires electric buses via contract manufacturing arrangements with vendors and then deploys them for both intercity and intracity travel

International Finance Corporation…

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