JBM Auto shares settle over 13% higher; here is why the stock skyrocketed today

It ended at ₹709 on the NSE, up 13.29%.

Shares of the company jumped after the company, in its press release on Thursday, post-market hours, said that in a major boost to electrify public transport in India, JBM ECOLIFE Mobility (P) Ltd, a JBM Auto Ltd company, has successfully secured a $100 million long-term capital investment from the International Financial Corporation (IFC).

The investment will finance the deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat.

JBM ECOLIFE Mobility is JBM Auto's subsidiary and India's prominent electric bus mobility and EV ecosystem player. The company is currently operating electric buses across multiple cities, including Mumbai, Delhi, Ahmedabad, Surat, Bhuwaneshwar, Hyderabad, Cuttack and many others.

JBM ECOLIFE is expanding its network in many other cities and states and will be operating 6,500+ buses within the next two years.

Nishant Arya, Vice Chairman & MD, JBM Auto Ltd, said, “We are proud to be partnering with IFC (a member of the World Bank Group) and contributing majorly to their largest-ever e-bus deployment project.

Adding, “By way of this e-bus project, we aim to reduce CO₂ emissions by over 1.6 Bn kgs, save diesel to the tune of 600+ Mn litres, generate employment for over 5,500 people and touch the lives of over 1 Bn passengers over the project tenure.”

Makhtar Diop, Managing Director, International Finance Corporation, said, “E-mobility is the future—and we are making it real through investments in leaders like JBM. Together, we're setting benchmarks for sustainable, resilient, and globally replicable urban transport. By leveraging innovative financing and reliable guarantees, we’re mobilising private capital at scale. India’s leadership is accelerating its own transition while shaping how cities worldwide finance the next generation of mobility.”

JBM Auto said that this investment will accelerate e-bus deployment and enhance JBM’s technological edge in delivering safe, modular, and sustainable mobility solutions. It marks IFC’s first capital investment in the e-bus sector in Asia and its largest globally, strengthening urban transport resilience across Indian cities.

About JBM Auto Ltd.

JBM Auto Ltd is one of the leading electric bus and EV ecosystem players. The company specialises in manufacturing ultra-sophisticated and technologically superior zero-emission electric buses that have established class-leading benchmarks across various geographies globally.

The company, as per the press release, has set up the world’s largest (outside China) dedicated integrated electric bus manufacturing facility in the Delhi-NCR region with a capacity to manufacture 20,000 buses per annum.

JBM EV is spearheading the global shift towards electric mobility, and the company currently offers an extensive portfolio of e-buses ranging from city, intercity, luxury coach, staff, school and special purpose vehicles.