GreenCell Mobility raises ₹330 Cr to expand electric bus fleet

India's GreenCell Mobility has raised ₹330 Cr ($34.6 Mn) in an equity round led by Impact Fund Denmark to roll out about 4,500 electric buses. The Mumbai-based operator aims to grow its fleet to more than 5,000 e-buses across 105 Indian cities.

• Round of ₹330 Cr ($34.6 Mn) led by Impact Fund Denmark
• Fleet now exceeds 1,200 e-buses with 270+ charging stations
• Target: over 5,000 e-buses across 105 Indian cities
• Previously raised $37 Mn from World Bank's IFC