GreenCell Mobility is looking to invest ₹1,500 crore in the next one year to more-than-double the number of electric buses it deploys on Indian roads. GreenCell Mobility – an electric mobility as a service platform – will put on road an additional 1,200 e-buses both for intra and inter-city travel and set up the supporting charging infrastructure required to expand operations in the country. GreenCell sources the electric buses through a contract manufacturing basis from vendors.
Devndra Chawla, CEO, GreenCell Mobility, told reporters that the company is looking to establish the entire ecosystem to accelerate electrification in the public transport sector. “Electric buses not only have zero tailpipe emissions but also are cheaper to run. Electric buses today are largely used for intra-city movement given limitations in availability of the supporting charging infrastructure. We are already running e-buses on intercity routes under the NueGo brand and are in the process of expanding our network of super chargers to grow operations across the country,” Chawla said.
GreenCell Mobility has 800 e-buses on-road at present. The company is targeting 2,000 e-buses on road (including those supplied on a gross-cost-contract basis to state transport undertakings) and 250 chargers in place by the end of the ongoing financial year. Chawla said the company has adequate funds to execute its short-term growth plan but will look to raise up to $200 million after that for further expansion.
