In September 2025, the International Finance Corporation pledged USD 137 million to JBM Ecolife and GreenCell Mobility to deploy e-buses across 39 municipalities in 8 states including Maharashtra, Assam, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Puducherry, and Delhi. How many e-buses will the funding deploy?

The correct answer is 4,000. In News IFC pledged USD 137 million to JBM & GreenCell for the e-buses rollout in India. Key Points International Finance Corporation pledged USD 137 million (Rs 1,210 crore) to JBM Ecolife and GreenCell Mobility for electric public transport. USD 100 million allocated to JBM and USD 37 million to GreenCell for deploying 4,000 e-buses and charging stations. Deployment covers 39 municipalities across 8 states/UTs: Maharashtra, Assam, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Puducherry, Delhi. Initiative expected to generate 12,000 jobs including opportunities for women in the e-mobility sector. Aligns with the government target of 40% e-bus penetration by FY 2030 among India's over 2 million operational buses. Uses Payment Security Mechanism to mitigate risks and enhance bankability of future e-bus projects. Supports PM eBus Sewa and PLI schemes to position India as a global EV manufacturing hub. Additional Information International Finance Corporation (IFC) Part of World Bank Group Focus - Private sector investment in developing countries Established in - 1956 HQ - Washington D.C. JBM Ecolife manufactures zero-emission electric buses for public mobility solutions. GreenCell Mobility operates e-buses agnostic to OEMs with Eversource Capital backing. PLI schemes incentivize domestic EV production and component manufacturing. PM eBus Sewa deploys 10,000 e-buses under a public-private partnership model.