JBM Electric Vehicles (P) Ltd. (JBMEV), the leading global electric bus manufacturer and EV ecosystem player, has signed an MoU with DRIVN, an electric commercial vehicle leasing platform, for the supply of 500 ultra-modern electric luxury buses. This is another step by the company towards driving innovation in green public mobility and decarbonization in line with the company’s Net Zero 2040 commitment.
Under the terms of the agreement, JBM EV will deliver 500 electric buses equipped with advanced technology and features designed to provide a comfortable, safe and environment-friendly travel experience for passengers. The deployment of these e-buses is planned in phases over the next one year. The initial rollout will focus on luxury intercity coaches with fleet operators across India, supported through an integrated offering that includes long-term vehicle financing, maintenance and charging infrastructure solutions. This model enables fleet operators to transition to electric buses without significant upfront capital investment, simplifying vehicle ownership and lifecycle management. The two companies will also explore opportunities in other areas such as school transportation, employee mobility and airport transit services.
Commenting on the occasion, Nishant Arya, President, JBM Electric Vehicles, said, “India witnessed a 40% growth in e-bus registrations in the first half with 2,944 bus registrations across various states under the PM e-Bus service and PM e-Drive schemes. This partnership with DRIVN comes at an opportune time, complimenting the growing momentum in India’s e-bus deployment. At JBMEV, we believe that the transformation will be driven by clean mobility. By integrating our advanced electric bus technology with DRIVN’s innovative leasing and financing platform, this partnership is designed to unlock scalable adoption of e-mobility and enable a more sustainable, asset-light transition for fleet operators, driving India’s decarbonization agenda. Strengthens our commitment to building a zero-emission mobility ecosystem.
Alpana Jain, Co-Founder and Chief Business Officer, DRIVN, said, “Electrification of commercial fleets requires an ecosystem that makes the transition operationally seamless and financially viable. Our partnership with JBM Electric Vehicles combines technology leadership, EV ecosystem solutions and manufacturing excellence with an integrated leasing model to help fleet operators adopt electric buses with greater ease and confidence. Financing, “By bringing together fleet support and charging solutions, we are building a scalable path to accelerate commercial EV adoption across India.”
Launched in 2018, JBM electric buses have disrupted the green public transportation sector around the world. The company has deployed more than 3500 e-buses and this number is expected to increase to more than 5000 e-buses in the next one year. Under the company’s promise of 3 billion e-kilometres, JBM electric buses have already covered 450 million e-kilometres and served 1.5 billion bus passengers worldwide.
This collaboration between JBM Electric Vehicles and DRIVN is a testament to the growing pace of adoption of electric vehicles in India. Both companies are dedicated to advancing the future of sustainable transportation and are committed to bringing cleaner and more efficient travel options to the masses.