What is GreenCell Mobility?
Founded in 2019 in Maharashtra, India, GreenCell Mobility is a key player in the Transportation/Trucking/Railroad industry. The company is dedicated to establishing a comprehensive Electric Mobility-as-a-Service platform. Its operations focus on deploying electric buses to offer more affordable, non-polluting, on-demand shared transportation. Furthermore, GreenCell Mobility is developing essential charging infrastructure and enabling products crucial for the expansion of the e-mobility value chain, positioning itself as a comprehensive solution provider in the transition to sustainable transport.
How much funding has GreenCell Mobility raised?
GreenCell Mobility has raised a total of $55M across 1 funding round:
Debt
$55M
Debt (2022): $55M with participation from Asian Infrastructure Investment Bank and ADB
Key Investors in GreenCell Mobility
Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank is a multilateral development bank providing financial support and security for the community. Asian Infrastructure Investment Bank is located in Beijing China.
ADB
Established in 1966, Asian Development Bank (ADB) assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. They are headquartered in Manila, Philippines.
What's next for GreenCell Mobility?
The recent major strategic investment, coupled with the overall enterprise-level funding, signals a strong confidence in GreenCell Mobility's business model and its potential for significant growth. This backing is expected to accelerate the company's expansion plans, likely involving the scaling of its electric bus fleet, the enhancement of its charging infrastructure network across India, and further development of its technology platform. The company is poised to solidify its position as a leader in India's electric transportation revolution, driving down costs and environmental impact.
See full GreenCell Mobility company page
