GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, has announced a $275 million equity investment to accelerate the decarbonisation of heavy trucking in India.
This includes a $20 million investment from Nikhil Kamath.
"GreenLine aims to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emission," the company said in a statement, adding that the funding will enable the deployment of over 10,000 LNG and EV trucks, along with the establishment of a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities, along with reducing 1 million tonnes of carbon emissions annually.
India’s road logistics sector, with over 4 million trucks already in operation and continuing to grow, remains one of the country’s most carbon-intensive industries.
The company offers its logistics services at cost parity with diesel trucks, ensuring that customers can reduce carbon emissions without incurring any additional
costs.
GreenLine’s LNG-powered trucks reduce CO₂ emissions by up to 30%, making them a trusted partner for corporates aiming to achieve their sustainability goals. The company’s current fleet of over 650 LNG trucks serves marquee companies across FMCG & ecommerce, metals and mining, cement, oil & gas, chemicals, etc. The fleet has already covered
over 38 million kilometres, reducing CO₂ emissions by 10,000 tonnes.
“We see this as an opportunity to not only build the green mobility ecosystem, but also, in the future, invest in clean energy sources to power our electric trucks," said Anshuman Ruia, Director, Essar.
GreenLine’s LNG-powered trucks reduce CO₂ emissions by up to 30%. Its current fleet of over 650 LNG trucks serves marquee companies across industries such as FMCG and e-commerce, metals and mining, cement, oil & gas, chemicals, etc.
This includes a $20 million investment from Nikhil Kamath.
"GreenLine aims to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emission," the company said in a statement, adding that the funding will enable the deployment of over 10,000 LNG and EV trucks, along with the establishment of a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities, along with reducing 1 million tonnes of carbon emissions annually.
India’s road logistics sector, with over 4 million trucks already in operation and continuing to grow, remains one of the country’s most carbon-intensive industries.
The company offers its logistics services at cost parity with diesel trucks, ensuring that customers can reduce carbon emissions without incurring any additional
costs.
GreenLine’s LNG-powered trucks reduce CO₂ emissions by up to 30%, making them a trusted partner for corporates aiming to achieve their sustainability goals. The company’s current fleet of over 650 LNG trucks serves marquee companies across FMCG & ecommerce, metals and mining, cement, oil & gas, chemicals, etc. The fleet has already covered
over 38 million kilometres, reducing CO₂ emissions by 10,000 tonnes.
“We see this as an opportunity to not only build the green mobility ecosystem, but also, in the future, invest in clean energy sources to power our electric trucks," said Anshuman Ruia, Director, Essar.
GreenLine’s LNG-powered trucks reduce CO₂ emissions by up to 30%. Its current fleet of over 650 LNG trucks serves marquee companies across industries such as FMCG and e-commerce, metals and mining, cement, oil & gas, chemicals, etc.
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