EV Stock Jumps 4% After Securing ₹750 Crore Investment from Motilal Oswal

Synopsis: An electric mobility company has secured a Rs. 750 crore strategic investment from Motilal Oswal Alternates to accelerate its electric bus expansion. The funding will support the deployment of around 2,000 additional e-buses, taking its fleet target to 5,000 buses within 12 months and strengthening India’s sustainable public transport transition. 

A leading electric bus manufacturer and its mobility subsidiary have secured a landmark strategic investment to accelerate India’s transition to zero-emission public transport. The fundraise marks a significant vote of institutional confidence in the company’s execution capabilities, strengthens its balance sheet for large-scale fleet deployment, and reinforces its market leadership position as the country’s electric bus rollout accelerates at pace.

With a market capitalization of Rs.16,580 crore, the shares of JBM Auto Limited were trading at Rs.714 per share, up by 4 percent from the day’s low of Rs.689, and it is trading at a P/E of approximately 74x.

Investment Update 

JBM Ecolife Mobility Private Limited (JBM Ecolife), a subsidiary of JBM Auto Limited, has secured a Rs. 750 crore long-term strategic investment from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group. The investment was announced on June 18, 2026.

The capital will be deployed towards the rollout of high-capacity, energy-efficient electric buses operating under long-term concession agreements with state transport authorities across key Indian cities. JBM Ecolife currently has approximately 3,400 e-buses deployed pan India, and the company aims to scale this to approximately 5,000 buses on roads within the next 12 months. The combined orderbook of JBM Auto and JBM Ecolife stands at over 10,000 electric buses deployed and under execution. The investment is described as the largest ever by an Indian investor in the electric mobility space.

This fundraise adds a meaningful capital layer to JBM Ecolife’s eMaaS (e-mobility as-a-service) model, which integrates electric buses, charging infrastructure, fleet intelligence, and end-to-end operations under a single platform. For JBM Auto, the investment reinforces the strategic value of its EV Business division, supports fleet expansion across new states, and underpins the group’s long-term execution visibility in India’s rapidly growing public transport electrification programme.

Financial Snapshot & Business Overview

JBM Auto Limited is a Faridabad-based diversified automotive group engaged in auto components, tooling, and electric bus manufacturing and deployment through its EV Business division. The company operates one of the world’s largest dedicated integrated electric bus manufacturing facilities outside China, with an annual production capacity of 20,000 buses.

On a consolidated basis for FY26, JBM Auto reported total revenue from operations of Rs. 6,088.37 crore, compared to Rs. 5,472.33 crore in FY25. Net profit attributable to owners of the parent stood at Rs. 218.78 crore for FY26, against Rs. 201.91 crore in FY25. 

The Rs. 750 crore strategic infusion into JBM Ecolife significantly enhances the group’s capacity to scale e-bus deployments, though investors will want to track fleet utilisation rates, concession execution timelines, and the pace of revenue ramp-up from the expanded e-bus fleet.

JBM Ecolife currently operates electric buses across multiple key Indian states including Delhi, Gujarat, Maharashtra, Haryana, Odisha, Telangana, Karnataka, and Andaman & Nicobar, among others. The combined orderbook of JBM Auto and JBM Ecolife stands at over 10,000 electric buses deployed and under execution, with the fleet having clocked 400 million e-kms and served over 1.5 billion bus commuters. Reinforcing its market dominance, JBM Auto commanded a 49% share of India’s electric bus market in May 2026  the highest in the country as per Vahan portal data  with its market share surging from 33% in April, retaining its leadership position following the highest e-bus registrations in FY26.

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