GreenCell MOBILITY

GreenCell Mobility Announces B2C eMaaS Platform with 3,250 Electric Buses, Globally First to Launch Intercity eMobility Coach Brand

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Mumbai, Maharashtra, India (NewsVoir)

⦁ GreenCell Mobility’s B2C foray planned with 750 e-buses covering 40 routes, to become largest private intercity/inter-state mobility player in the country

⦁ Company aims to achieve India’s connected, shared and sustainable mobility ambitions

⦁ Building Captive highway charging infrastructure network across India with 600 DC chargers of 180/240 KW capacity rating

⦁ Ambition to become PAN India operator with national brand

Consistent with its vision to become the most valued Electric Mobility company globally and transform the shared surface transport market in India, GreenCell Mobility (GCM) today announced plans for deploying 3,250 state-of-the-art electric buses in next 3 years as part of B2C business. The company has aggressive plans to launch 750 premium luxury AC e-buses in phase 1 across intercity & inter-state routes that will cover key transit routes in Southern & Western India.

GreenCell Mobility’s B2C foray would be one-of-the-largest business roll-out by any private player in Intercity/Interstate bus segment, making GCM segment leaders with double digit market share in highly fragmented market. The company bus operations will be OEM agnostic and orders for the first batch of buses have been successfully placed.

India’s sustainable transport & green routes vision will get a major boost with 6.5 billion kms of distance being powered by these 3,250 e-buses, resulting in saving of 2 billion litres of fossil fuel (diesel) and 2.5 million tons of CO2 emission reduction over lifetime. The e-bus fleet will cater to 75 million passengers every year.

Speaking on the business plans, Mr. Ashok Agarwal, MD & CEO, GreenCell Mobility said, “We are super excited about India’s EV journey and committed to redefine the shared & connected green mobility experience at par with Aviation industry with “Aviation-on-Wheels” concept. Through our eMaaS operations, we will not just deliver new-age clean energy buses to passengers but a holistic experience with “Advantage Customer” motto that is powered by high-end digital integration, superior infrastructure, and unmatched customer service. Company is aiming to realize Government of India’s vision of smart & sustainable mobility for passengers from top to bottom of pyramid.”

The company is actively hiring professionals for key functions including Customer Service, Marketing, Operations & Maintenance and Supply-chain management. In full-service operations GreenCell mobility will be employing 15,000 people in direct and indirect roles.

GreenCell Mobility is planning to launch it’s B2C intercity-interstate bus operations towards the year end across major corridors in southern and western India. With a strong fleet presence and unique offerings, GreenCell Mobility is committed to consistently deliver optimal value to passengers across the country.

About GreenCell Mobility Pvt. Ltd.

GreenCell Mobility (GreenCell) has been incubated to be a leading pan-India shared electric mobility player, by leveraging proven global experience, developments in e-mobility technology, and the Government of India’s strong push for electrification of transportation in India. GreenCell is backed by EverSource Capital, the fund manager of Green Growth Equity Fund (GGEF). EverSource Capital is a 50:50 joint venture between Everstone Group, a premier investment group focused on India and South East Asia, with assets in excess of US$6 billion across private equity, real estate, credit, infrastructure, and venture capital; and Lightsource bp, a global leader in development and management of solar energy projects. GGEF is established with anchor investments from the National Investment and Infrastructure Fund (NIIF) backed by the Government of India and the Foreign, Commonwealth & Development Office (FCDO), Government of UK.

GreenCell is focused on building a platform to provide Electric Mobility-as-a-Service (eMaaS), initially using electric buses and deliver the core value proposition of cheaper non-polluting on-demand shared transportation, charging infrastructure, and enabling products for the e-mobility value chain.

For more information, please visit www.greencellmobility.com.

Image: Mr. Ashok Agarwal, MD & CEO, GreenCell Mobility

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Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI


Greencell Mobility Private Limited: [ICRA]A+ (stable)/[ICRA]A1 assigned

We are extremely pleased to announce that GreenCell Mobility Private Limited (“GCML”) has been rated [ICRA] A+ (Stable) / A1 . This rating draws comfort from strong parentage commitment and contractual risk mitigation framework. Further, GCML is the first e-mobility company in the country to be rated A+.

GreenCell Mobility acquires strategic stake in PMI Electro consortium, to deploy 350 e-buses in Uttar Pradesh

GreenCell Mobility Private Ltd., an electric Mobility as a service (eMaaS) platform in India promoted by Ever Source Capital, has announced a partnership through the acquisition of a strategic stake in two Special Purpose Vehicle companies incorporated by PMI Electro Mobility Solutions Private Ltd., a leading ‘zero-emission’ commercial vehicle manufacturer, which won the bid for deploying 350 electric buses along with charging infrastructure across the cities of Lucknow, Varanasi, Gorakhpur, Kanpur, Prayagraj and Jhansi in two packages in Uttar Pradesh.

GreenCell says investing Rs 400 cr in PMI Electro consortium to deploy 350 e-buses in UP

A manufacturer of ‘zero emission’ commercial vehicle in India, PMI Electro Mobility Solutions had won the bid for deploying 350 electric buses along with charging infrastructure across the cities of Lucknow, Varanasi, Gorakhpur, Kanpur, Prayagraj and Jhansi in two packages in Uttar Pradesh.

ICRA’s first rating in the EV bus project segment in India

In an industry-first, ICRA has assigned [ICRA]A- (Stable) to Greencell Marudhara Private Limited, GMPL, the electric vehicle bus – fleet operator for the Rajasthan State Road Transport Corporation (RSRTC).

Greencell Marudhara assigned A-stable rating by ICRA; first rating in EV space

In an industry-first, ICRA has assigned [ICRA] A- (Stable) to Greencell Marudhara Private Limited.

Incorporated to target the opportunities in the e-mobility space and become a pan-Indian shared electric mobility player, Greencell Marudhara Pvt Ltd (GMPL) is a 98.99 per cent subsidiary of GreenCell Mobility.

GreenCell Mobility is the wholly-owned subsidiary of Sebi-registered Category-II alternate investment fund, GGEF. Green Growth Equity Fund (GGEF) is an India-focused fund with sovereign funds as anchor investors.

The rating assigned for Greencell Marudhara factors in its status as the successful concessionaire for procurement, operations and maintenance of 48 electric buses on intercity routes for the state road transport authority.

GreenCell Bags First Electric Bus Contract From RSRTC – Saur Energy International

The first electric bus contract from Rajasthan State Road Transport Corporation (RSRTC) has been bagged by GreenCell Mobility Private Limited

GreenCell Mobility awarded the first electric bus contract tendered by RSRTC

GreenCell Mobility awarded the first electric bus contract tendered by RSRTC – Asia Pacific | Energetica India Magazine

BP to invest USD 70 million in India’s Green Growth Equity Fund

UK’s energy major BP will invest $70 million in the Green Growth Equity Fund (GGEF) with an aim to rapidly scale-up commercially viable low carbon solutions, the company said in a statement.

BP to invest US$ 70 million in Green Growth Equity Fund (GGEF)

Mumbai, Tuesday, July 07, 2020: EverSource Capital, the fund manager of Green Growth Equity fund (GGEF/Fund) has today announced an investment of US $70 million by bp, one of the leading energy majors in the world, in GGEF. bp will be a Limited Partner in GGEF and also have representation on its advisory board.

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