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GreenCell Mobility raises Rs 330 crore (USD 34.6M) led by Impact Fund Denmark to deploy 4,500 electric buses across India.

PRIVATEOct 14, 2026

Amount Raised

$34.6 Million

Round Type

Venture

MumbaiTransportationAutomotive

Investors

Tata CapitalBritish International InvestmentInternational Finance CorporationEversource CapitalEverstone CapitalImpact Fund Denmark

Description

GreenCell Mobility, an electric mobility startup, has raised Rs 330 crore (USD 34.6 million) in an equity funding round led by Impact Fund Denmark. The capital will support the deployment of approximately 4,500 electric buses and expand the company's fleet to over 5,000 buses across 105 Indian cities. The funds will strengthen operational capabilities and support execution of existing deployment plans. GreenCell Mobility operates over 1,200 electric buses and 270 charging stations under the NueGo brand.

Company Information

Company

GreenCell Mobility

Location

Mumbai, Maharashtra, India

About

GreenCell Mobility (GCM) is an OEM-agnostic electric bus platform and a flagship company in Eversource Capital’s portfolio. The company operates a fleet of over 1,200 electric buses across India, aiming to redefine public transportation with zero-emission mobility solutions. GCM supports India's clean mobility goals through scalable electric bus services and charging infrastructure. The company is set to expand its fleet under the National E-Bus Programme and the PM Seva E-Mobility initiative.

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GreenCell Mobility raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.