GreenCell Mobility to deploy 570 e-buses in Delhi over next few months
Eversource Capital-promoted GreenCell Mobility on Monday announced it will deploy 570 electric buses in Delhi over the next few months as part of the Delhi Government's e-bus project.
The 12-metre, air-conditioned electric city buses with higher battery capacities, specifically designed to meet Delhi's operating requirements and challenging road conditions, will operate from depots at Rajghat, Dilshad Garden, and Seemapuri, strengthening commuter connectivity and enhancing the quality of public transport services across key routes in the city, Greencell Mobility said.
Earlier late last month, the company had announced securing USD 89-million mezzanine funding from International Finance Corporation (IFC), British International Investment (BII) and Tata Capital to support its electric vehicle operations pan-India.
The deployment follows the completion of the USD 89 million investment round, reflecting strong institutional confidence in GreenCell Mobility's ability to deliver scalable