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GreenCell Mobility logo — Promoted by EverSource Capital | Clean, cost-effective and e...

GreenCell Mobility

Promoted by EverSource Capital | Clean, cost-effective and end-to-end on demand shared e-mobility solutions

Founded 2019 India Mumbai, India 372 employees Debt Financing Total: $37.58B Transportation

General Information

Company Name GreenCell Mobility
Founded Year 2019
Location India Mumbai, India
Founders / Decision Makers
Team member
Employees 372
Industries Transportation
Funding Stage Debt Financing
Social

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About GreenCell Mobility

GreenCell Mobility is a promising startup in the transportation industry, founded in 2019 with its headquarters in India. Promoted by EverSource Capital, it aims to provide clean, cost-effective, and end-to-end on-demand shared e-mobility solutions. This initiative aligns with the Government of India’s strong push for electrification of transportation, presenting a significant market opportunity. The company has received significant backing, including a INR30.00B Debt Financing investment on 24th July 2023 from REC. GreenCell Mobility has been incubated to be a leading pan-India shared electric mobility player, leveraging proven global experience and developments in e-mobility technology. The startup is aligned with the vision of Eversource Capital, India’s leading climate impact investor and an equal joint venture between Everstone Group, and Lightsource bp. Eversource manages India's largest climate impact fund with anchor investments from India's National Investment & Infrastructure Fund and UK Government’s Foreign, Commonwealth & Development Office (FCDO). This strategic backing serves as a significant endorsement of GreenCell Mobility’s potential in the market, and its focus on providing Electric Mobility-as-a-Service (eMaaS), initially using electric buses. With its commitment to cheaper non-polluting on-demand shared transportation, charging infrastructure, and enabling products for the e-mobility value chain, GreenCell Mobility presents an innovative and impactful solution in the increasingly important e-mobility sector.

Business keywords: e-mobility, electric vehicles, climate impact, investment, innovation, clean technology, shared mobility, infrastructure, transportation electrification, India, startups, venture capital

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing INR3.07B 1
Sumitomo Mitsui Banking Corporation
07 May 2024
Debt Financing INR30.00B 1
REC
24 Jul 2023
Grant $5.53M 2
Climate Investment Funds
Climate Investment Funds, Asian Development Bank
07 Nov 2022
Debt Financing INR4.51B 3
Climate Investment Funds
Climate Investment Funds, Asian Infrastructure Investment Bank +1
07 Nov 2022

GreenCell Mobility Alternatives & Competitors

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GreenCell Mobility vs
BluSmart
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GreenCell Mobility vs
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GreenCell Mobility vs
Revel
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FAQ About GreenCell Mobility

Promoted by EverSource Capital | Clean, cost-effective and end-to-end on demand shared e-mobility solutions
GreenCell Mobility was founded in 2019.
GreenCell Mobility is headquartered in Mumbai, India.
GreenCell Mobility operates in Transportation. Its work centres on e-mobility, electric vehicles, climate impact and investment.
GreenCell Mobility has approximately 372 employees.
GreenCell Mobility has completed 4 funding rounds, raising a total of $37.58B. The latest funding stage is Debt Financing.
Top alternatives and competitors to GreenCell Mobility include BluSmart, BasiGo, Revel, Zeleros, Rakun Mobilite. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
GreenCell Mobility and BluSmart are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for GreenCell Mobility , https://bouncewatch.com/company/greencell-mobility, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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