GreenCell Mobility raises $89 million to scale electric bus operations
GreenCell Mobility, the electric bus platform of Eversource Capital, has raised $89 million in mezzanine funding from the International Finance Corporation (IFC), British International Investment (BII), and Tata Capital. The funding will support the expansion of its electric bus fleet to 3,700 buses across multiple Indian states and union territories. The mezzanine capital, which combines debt and equity features, will be used to deploy buses on intra-city routes in Delhi, Madhya Pradesh, Andhra Pradesh, Bihar,…
