Early Warning System

Regions

South Asia

Geographic location where the impacts of the investment may be experienced.

Countries

India

Geographic location where the impacts of the investment may be experienced.

Specific Location

Maharashtra; Assam

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Asian Development Bank (ADB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jun 27, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Ecolife Mobility Vehicles Private Limited

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 55.14 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 4715
Converted using 2025-06-27 exchange rate.

Loan Amount (USD)

$ 55.14 million

Bank Documents

Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 16, 2026

Disclosed by Bank Jun 27, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, the Project involves the implementation of 1,130 electric bus (e-buses) through 14 concession agreements to be signed in the states of Maharashtra and Assam. The project includes procuring, operating and maintaining these e-buses, associated depots and charging infrastructure.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project E&S risks as follows:

Environment: B
Involuntary Resettlement: B
Indigenous Peoples: C

People Affected By This Project

People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

Five of the 18 depot sites for the project were screened and audited onsite: Khapri, Koradi, Kolshet, Wadegar and Kanikya bus depots. Based on the audit, the depots are within or beside government-run bus terminals or depot facilities. Koradi is an existing depot that will be renovated for the project. Khapri is vacant land behind an existing depot to be constructed as an extension depot. Wadegar is vacant land with sparse vegetation and trees. Kolshet is an open site with a few scrap buses and some temporary structures belonging to the government transport authority. Kanikya is an open site used as a scrap yard by the transport authority to be converted into a depot. The construction or renovation of the depot facilities will be carried out by the state transport undertakings (STUs) of a state government or public transport authorities (PTAs) of a city government. All five sites are free from informal land use and encroachers; however, the 13 remaining depot locations have not been screened and audited onsite for involuntary resettlement (IR) impacts.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Asian Development Bank (ADB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Bloomberg, JBM Auto Limited manufactures auto components. The Company provides auto components and systems, as well as electric vehicles and buses. JBM Auto serves customers in India.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
JBM Auto Limited	Parent Company	Transport	owns	JBM Ecolife Mobility Private Limited	Client	Transport

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leader:

Japnit Kaur - Private Sector Operations Department
Email: kaur@adb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.