To increase its fleet of electric buses in North, East, and South Indian corridors, LeafyBus, a New Delhi-based intercity electric bus operator, has been awarded USD 4.1 million by Enetra India Private Limited, supported by Singapore-based Impact Capital Asia Management (ICAM), in its aim to grow the fleet of 10 buses to over 100 in 18-24 months.
The company already runs the only intercity electric bus service in India energized by the initial 360 kW fast-charging station in the nation, operating three services every day along the Delhi-Dehradun route, which will cover a distance of 900 km in 24 hours.
Implementation of Buses
LeafyBus will implement buses on major demand routes such as Agra, Lucknow, Chandigarh, Amritsar, and Patna, which are chosen due to passenger demand and availability of charging infrastructure. The company will invest in technology to plan trips automatically, allocate buses, and monitor performance in real time.
Impact Capital Asia Management was launched in August 2020 and specializes in sustainable infrastructure investments based on environmental, social, and governance standards. ICAM directs capital to initiatives that follow sustainable ethics through its association with Enetra India.
“India’s intercity transport system is on the brink of a major transformation. Moving toward electric mobility over long distances is about more than just cutting emissions…it’s about creating a safer, more reliable, and more comfortable travel experience for millions,” said Rohan Dewan, founder and CEO of LeafyBus. “Our work on the Delhi to Dehradun route has shown what’s possible when technology and infrastructure come together. This USD 4.1 million investment from Enetra India and ICAM provides us with the support needed to expand thoughtfully and innovate responsibly. We see this as a step toward building a sustainable transport network that can serve India’s growing demand for clean and efficient travel.”
Animesh Sharma, co-founder of LeafyBus, added, “Expanding electric bus services on intercity routes brings many challenges, from planning routes and managing charging infrastructure to ensuring fleet reliability and earning passenger trust. Our approach combines practical experience with technology to address these issues carefully. With this funding, we can improve how we manage our fleet, communicate with passengers in real time, and predict maintenance needs more accurately. Our goal is to make electric intercity travel safe, dependable, and accessible to as many people as possible.”
Neeraj Gupta, founder and managing director of Enetra India Private Limited, said, “We believe that electric mobility is essential to reducing the environmental impact of India’s transport sector. LeafyBus’s careful execution and focus on passenger experience demonstrate their commitment to this goal. Our investment supports their efforts to build a scalable and sustainable transport solution that can serve millions. Together, we are working to create cleaner, more reliable travel options for India’s future.”
“Our investment in Leafy is a conviction bet on the future of intercity mobility in India. The team has already proven that electric buses can compete with diesel fleets and still deliver profitability, scale, and the highest utilization in the sector. By combining disciplined execution with a strong focus on passenger experience, Leafy is setting new benchmarks in sustainable transport. We see them as a category leader in the making, and this investment is aimed at accelerating that leadership.”
LeafyBus is a fully electric, air-conditioned bus service with safety functionality (specialized call centers, panic buttons, women-reserved seats, and a surveillance system, including ADAS, DMS, and alcohol sensors). That company has collaborated with JBM Electric Vehicles to supply 200 buses, and it has arranged the financing of its initial fleet with AMU.
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