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GreenLine invests $275 mn in green logistics; Kamath backs with $20

April 11, 2025 1 min read
author Anamika Mishra, Sub Editor
GreenLine Mobility Solutions Ltd, an Essar Group venture, has secured a $275 million equity investment to accelerate the decarbonisation of India's heavy trucking sector. The funding will support the deployment of over 10,000 LNG and electric trucks, as well as the development of 100 LNG refuelling stations and EV charging points across the country.Among the investors is Nikhil Kamath, who has committed $20 million, highlighting growing confidence in India’s green logistics transition. GreenLine currently operates LNG-powered trucks for long-haul transportation and electric vehicles (EVs) for short-haul operations. Its subsidiary, Ultra Gas and Energy Ltd, is building

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