GreenCell Mobility to invest INR 1,500 cr to double the number of electric buses it deploys on Indian roads

GreenCell Mobility

GreenCell Mobility, a platform providing electric mobility as a service, has big plans to expand its electric bus fleet on Indian roads. They’re planning to invest ₹1,500 crores in the next year to more than double the number of e-buses they have in operation. 

This means an additional 1,200 e-buses for both intra and inter-city travel and the setup of necessary charging infrastructure to support their expansion. GreenCell sources the electric buses from vendors through a contract manufacturing basis.

According to CEO Devndra Chawla, the company’s goal is to establish an entire ecosystem that will accelerate the electrification of public transport. He added that e-buses have zero tailpipe emissions and are cheaper to run. 

While they’re mainly used for intra-city movement due to limited charging infrastructure, GreenCell Mobility is already operating e-buses on intercity routes under the NueGo brand. They’re also expanding their network of superchargers to grow operations across the country.

Currently, GreenCell Mobility has 800 e-buses in operation, but they’re aiming for 2,000 e-buses on the road by the end of the ongoing financial year, along with 250 chargers in place. Chawla said the company has enough funds to execute its short-term growth plan, but they’ll look to raise up to $200 million after that for further expansion.

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