GreenCell Mobility Raises ₹330 Cr to Expand Electric Bus Fleet

Everstone Capital-backed EV startup GreenCell Mobility closed ₹330 Cr ($34.6 Mn) in equity funding led by Impact investors to scale its electric bus operations. Builders in mobility: institutional capital is chasing B2B fleet electrification, not direct-to-consumer; unit economics on fleet utilization and charging infrastructure ownership are durable. Single-asset mobility plays face margin compression.

Source: Inc42 ↗