GreenCell Mobility Raises ₹330 Cr To Expand Electric Bus Fleet
Everstone Capital-backed EV startup GreenCell Mobility has raised ₹330 Cr ($34.6 Mn) in an equity funding round led by Impact…
Mumbai-based EV startup GreenCell Mobility has secured ₹330 Cr ($34.6 Mn) in equity funding led by Impact Fund Denmark. The investment aims to bolster the rollout of approximately 4,500 electric buses currently being deployed, with a target of expanding the fleet to over 5,000 electric buses across 105 cities in India. GreenCell Mobility's managing director and CEO, Devndra Chawla, emphasized their commitment to executing their order book closely, enhancing service delivery, and maintaining reliability, efficiency, and customer experience standards.
The company focuses on deploying and operating electric buses for public transportation, acquiring them through contract manufacturing agreements with vendors and deploying them for both intercity and intra-city travel.
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