GreenCell Mobility raises Rs 800 crore from IFCI, BII and Tata Capital

Eversource Capital-backed GreenCell Mobility has raised $89 million (about Rs 800 crore) in mezzanine funding from IFC, British International Investment and Tata Capital to expand its electric bus operations across India. The funds will be used to scale up its fleet to around 3,700 buses and strengthen charging infrastructure under programmes such as PM Seva E-Mobility.