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Surat E-Mobility Project: "GreenCell has availed green loan by the leading global bank, Standard Chartered Bank, in a significant move to step up our efforts towards transforming India's electric transportation landscape.
The e-buses will be used by GreenCell’s intercity bus operation NueGo.
On Friday, GreenCell Mobility and VE Commercial Vehicles announced that they had reached a deal to supply 1,000 electric buses over the following five years. The two parties have signed a memorandum of understanding, which envisages VE Commercial Vehicles (VECV) supplying 1,000 Eicher electric buses to GreenCell's intercity bus business, NueGo, the two companies said in a joint statement.
World EV Day: Smarter and greener solutions are inevitable as India progresses towards fulfilling its environmental commitments by 2030. The needs of an economy poised to grow multi-fold could only be enabled by commercial electric vehicles (CEVs) which act as key drivers in the transition to a cleaner and more efficient transportation.
Greencell Mobility: The funding is also to support GreenCell’s alternative fuel technology bus projects, battery energy storage initiatives, establish a robust charging infrastructure network, the company said.