Bain Capital is in talks to invest up to $300 million (₹2,850 crore) in JBM Auto’s electric vehicle business, seeking a significant minority stake or joint control. The investment would provide growth capital and accelerate JBM’s transition into a clean-mobility platform. JBM, a leading electric-bus manufacturer, holds a 79% share of India’s electric tarmac-bus market and expects EVs to contribute 45% of FY27 revenue.
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