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IFC provides funding to GreenCell Mobility and JBM Group for electric bus expansion in India
On September 11, 2025, the International Finance Corporation (IFC) announced it will provide USD 37 million in mezzanine capital to GreenCell Mobility, and USD 100 million to JBM ECOLIFE (part of JBM Auto Limited), as part of a total USD 137 million financing package. These funds will be used to deploy approximately ....
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