⚡ Bain Capital eyeing $300M EV stake in JBM Auto
Bain Capital is in talks to invest up to $300 million in JBM Auto's electric vehicle manufacturing unit. This potential investment would see the US PE firm join investors backing clean energy in India. JBM Auto currently leads the electric tarmac bus market with a 79% share in India. The company aims for ₹7,000-7,500 crore in revenue this fiscal, with EVs contributing nearly 45%. Future talks involve forming an omnibus holding company for Bain to take a joint control stake. ⚡