GreenLine Mobility Options Ltd., an Essar enterprise and India’s solely inexperienced logistics operator utilizing LNG and electric-powered heavy industrial vans, has introduced a $275 million fairness funding to speed up the decarbonisation of heavy trucking in India. This features a $20 million funding from Nikhil Kamath, marking a major enhance to India’s inexperienced logistics transformation.
GreenLine goals to decarbonise India’s transportation sector, which contributes almost 15% of the nation’s complete carbon emissions. The funding will help the deployment of over 10,000 LNG and EV vans, together with the institution of a nationwide community of 100 LNG refuelling stations, EV charging stations, and battery swapping amenities. This complete initiative targets a discount of 1 million tonnes of carbon emissions yearly.
India’s street logistics sector—residence to over 4 million vans and rising—stays one of many nation’s most carbon-intensive industries. Aligned with the Indian authorities’s purpose to cut back greenhouse gasoline emissions, GreenLine is dedicated to transitioning India’s heavy-duty car (HDV) fleet to LNG and EV vans, selling cleaner and extra sustainable transport. The corporate affords its logistics companies at price parity with diesel vans, enabling clients to chop emissions with out incurring further prices.
GreenLine’s LNG-powered vans scale back CO₂ emissions by as much as 30%, making them a trusted associate for corporates aiming to attain sustainability objectives. Its present fleet of over 650 LNG vans serves marquee shoppers throughout industries corresponding to FMCG & eCommerce, metals and mining, cement, oil & gasoline, and chemical compounds. The fleet has already coated over 38 million kilometres, decreasing 10,000 tonnes of CO₂ emissions to date.
Anshuman Ruia, Director, Essar, stated: “We’re actually enthusiastic about this game-changing shift in India’s heavy trucking trade. We see this as a chance to not solely construct the inexperienced mobility ecosystem, but additionally, sooner or later, spend money on clear power sources to energy our electrical vans. This built-in method will considerably scale back emissions, reduce down on power imports, and assist drive India in the direction of attaining a extra sustainable, energy-secure future.”
Anand Mimani, CEO, GreenLine Mobility Options Ltd., stated: “GreenLine has been on the forefront of decarbonising India’s heavy trucking trade, making important progress from the very begin. As leaders on this area, this funding brings us even nearer to our imaginative and prescient of remodeling India’s street logistics sector. We request India Inc. to embrace this evolving panorama and actively help the transition in the direction of a greener and extra sustainable future for all.”
Nikhil Kamath, Investor and Entrepreneur, stated: “The logistics trade must evolve—sooner, cleaner, and smarter. Inexperienced mobility isn’t only a development; it’s the inevitable future. Backing GreenLine is a wager on that future, the place sustainability and effectivity go hand in hand. Extra firms must take the leap, undertake inexperienced tech, and rethink how we transfer items at scale. This shift is going on—with or with out you.”
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