Business APAC
April 11, 2025
Essar Group’s green logistics arm, Greenline Mobility Solutions Ltd, is poised for major growth after confirming a hefty USD 275 million equity investment. The funding round notably includes USD 20 million from Nikhil Kamath, the well-known co-founder of Zerodha and True Beacon, signaling strong investor belief in cleaner transport solutions.
This fresh capital is destined to put Greenline Mobility Solutions’ mission – cleaning up India’s heavy trucking sector – into high gear. The plans are ambitious: the money will help put over 10,000 trucks powered by Liquefied Natural Gas (LNG) and electricity onto India’s roads. Just as critical is the plan to build the necessary support system–a countrywide network featuring 100 LNG refueling points, plus EV charging hubs and battery swap stations.
Greenline Mobility Solutions has carved out a niche focusing on LNG and electric heavy vehicles, distinguishing itself in the logistics space. The company reports that its current fleet numbers over 650 LNG trucks. These vehicles achieve significant emission cuts, reducing CO₂ by up to 30% compared to diesel, a key selling point for clients like UltraTech Cement, Hindustan Zinc, and JSW Steel, who are keen to clean up their supply chains. Greenline Mobility Solutions states that this existing fleet has already covered more than 38 million kilometers, cutting about 10,000 tonnes of CO₂ emissions.
Anand Mimani, Greenline Mobility Solutions’ CEO, sees the funding as pivotal. “Greenline has been working hard to decarbonise India’s heavy trucking industry right from the start,” he said. “As leaders in this space, this investment brings us even closer to our vision of transforming India’s road logistics sector. We are building the backbone of sustainable logistics.”
Why Greenline? Perspectives on the $275M Investment
From the perspective of the parent company, Essar Director Anshuman Ruia outlined a broader strategy. “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,” Ruia stated, adding that this,”integrated approach” is key for reducing emissions, cutting energy imports, and boosting India’s energy security.
Investor Nikhil Kamath framed his involvement as backing an unavoidable shift. “Green mobility isn’t just a trend; it’s the inevitable future,” he remarked. “Backing Greenline Mobility Solutions is a bet on that future, where sustainability and efficiency go hand in hand. More companies need to take the leap, adopt green tech, and rethink how we move goods at scale. This shift is happening—with or without you.”
With road transport contributing heavily to India’s carbon footprint (around 15% nationally), Greenline Mobility Solutions’ model, offering cleaner trucking often at similar costs to diesel, directly addresses a major environmental challenge. The company believes its expanded fleet will eventually cut CO₂ emissions by a million tonnes each year, marking a significant step towards greener logistics in the country.
A Greener Road Ahead, But How Clear Is the Path?
Let’s be honest: trucks rumbling across India play a big part in the country’s pollution – about 15% of the total carbon emissions. Greenline’s plan is pretty straightforward: offer cleaner trucks that cost about the same to run as the usual diesel ones. It’s a direct shot at tackling this major environmental headache. They’re hopeful that once they get all these new trucks on the road, they’ll cut CO₂ pollution by a million tonnes each year.
That would be a big step towards cleaner ways of moving goods to India. But you have to wonder, even with this big investment push, is this the moment things start to shift for green transport? Or are the main roadblocks still things like needing clearer government rules and getting the whole logistics industry–lots more companies–to make the switch?
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