CPP, ADB in talks to infuse $100 million into JBM Ecolife

JBM Ecolife Mobility had funding discussions with Canada Pension Plan Investment Board and Asian Development Bank regarding $100 million for its electric bus operations. This followed a government tender win to supply 1,390 buses. JBM collaborates with Solaris Bus & Coach and benefits from government subsidies under schemes like FAME and PM E-bus Sewa.