The International Finance Corporation (IFC) is investing $137 million to boost E-mobility in India, supporting JBM ECOLIFE and GreenCell Mobility. The funding aims to deploy 4,000 electric buses and charging stations across 39 municipalities, creating 12,000 jobs, including for women. This initiative aligns with India’s Production-Linked Incentive schemes and targets the electrification of the vast public and private bus fleet, advancing India’s goal of becoming a global EV manufacturing hub.
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