Mumbai-based electric mobility startup GreenCell Mobility has raised Rs 330 crore in fairness funding from Influence Fund Denmark to assist the enlargement of its operations throughout India.

The Eversource Capital-backed startup mentioned the investment will assist the deployment of roughly 4,500 electrical buses, taking its deliberate fleet to greater than 5,000 autos throughout 105 cities.

GreenCell Mobility’s managing director and CEO, Devndra Chawla, mentioned the funding will present better monetary flexibility to execute present orders and handle the operational calls for of increasing its fleet.

“We’re a quick rising firm and hope to deploy the buses over the subsequent six to eight quarters,” Chawla mentioned.

GreenCell Mobility’s operations and former funding

Based in 2019, GreenCell Mobility operates electrical buses on intracity and intercity routes, together with providers below its NueGo model. The corporate focuses on eMaaS, fleet operations and charging infrastructure.

As of Might 2026, GreenCell had deployed greater than 1,200 electrical buses and operated over 270 charging stations throughout India. Its backer, Eversource Capital, is a partnership between Everstone Group and the founders of Lightsource, a photo voltaic vitality firm.

In January 2026, GreenCell secured $89 million in mezzanine financing from the Worldwide Finance Company (IFC), British Worldwide Funding (BII) and Tata Capital to assist fleet enlargement and charging infrastructure.

IFC had additionally introduced a $37 million mezzanine financing dedication in September 2025, though it’s unclear whether or not that quantity shaped a part of the January funding.

Dhanpal Jhaveri, CEO of Eversource Capital, mentioned the most recent funding mirrored rising institutional curiosity in electrical public transport.

“Electrical public mobility is transferring from an rising alternative to an investable infrastructure asset class in India,” Jhaveri mentioned.

The funding comes as India’s electrical bus sector attracts financing from institutional traders looking for to assist fleet enlargement and the event of public transport infrastructure.