GreenLine Mobility Solutions, a pioneering green logistics firm under the Essar Group, has unveiled a major $275 million equity investment aimed at transforming India’s heavy trucking industry. The move underscores the company’s mission to curb emissions in a sector responsible for nearly 15% of the nation’s carbon output.
A notable contributor to the funding is entrepreneur Nikhil Kamath, who has invested $20 million in the venture. The capital infusion will support GreenLine’s ambitious rollout of over 10,000 trucks powered by liquefied natural gas (LNG) and electricity. In addition, the company plans to establish a national network comprising 100 LNG refueling stations, EV charging hubs, and battery swapping facilities.
Essar Director Anshuman Ruia emphasized the long-term vision to integrate clean energy sources with the firm’s electric truck fleet. This holistic approach, he said, will not only cut emissions but also reduce India’s dependence on energy imports, furthering the country’s sustainability and energy security goals.
GreenLine’s logistics services are offered at cost parity with conventional diesel vehicles, enabling businesses to adopt eco-friendly transport without additional expense. CEO Anand Mimani urged Indian corporations to support the shift towards sustainable logistics, highlighting the firm’s consistent efforts in leading decarbonization in heavy commercial transport.
Investor Kamath reinforced the urgency for the logistics sector to evolve, stating that green mobility is the future and calling on more businesses to embrace cleaner technologies for large-scale freight movement.
