EaseMyTrip To Bolster Business Momentum: Decided to Manufacture Electric Buses

Leading online travel platform EaseMyTrip.com ventures into electric bus manufacturing with its new subsidiary, Easy Green Mobility. This strategic move places EaseMyTrip to capitalise on the growing Indian electric vehicle (EV) market, particularly the projected 24% CAGR growth in electric buses from 2024 to 2030.

The company, through an exchange filing, stated Easy Green Mobility will focus on building cutting-edge electric buses equipped with advanced technology and long-range battery systems. In addition, YoloBus, another EaseMyTrip subsidiary, will serve as the operational arm for these buses.

This initiative aligns with EaseMyTrip’s commitment to sustainable mobility solutions. The company is investing ₹200 crore over the next 2-3 years for extensive R&D, product development, and establishing a manufacturing plant with an initial capacity of 4,000-5,000 buses.

The goal is to expand not only within India but internationally as well. This expansion will be fueled by EaseMyTrip’s established brand presence and industry expertise. Easy Green Mobility aims to be a key player in the dynamic EV market, integrating cutting-edge technology with robust manufacturing practices to create high-performance, efficient, safe, and comfortable electric buses.

Additionally, EaseMyTrip plans to operate 2,000+ electric buses across India by 2027-28 through YoloBus. This ambitious target directly contributes to the nationwide transition towards net-zero carbon mobility in the bus sector.

By combining Easy Green Mobility’s manufacturing capabilities with YoloBus’s operational expertise, EaseMyTrip is poised to set a new benchmark for the EV & Mobility industry, solidifying its position as a leader in innovative and sustainable travel solutions.

Commenting on the new launch, Mr Rikant Pittie, Co-Founder of EaseMyTrip, shared, “A decade from now, the yearly demand for electric buses is expected to grow to 125,000 to 150,000 units per annum. The current market dynamics present a significant opportunity to enhance supply and meet the growing demand for electric buses by localising production and creating a fully ‘Make-In-India’ product.”

Sharing about the new entity, he further added, “Through the FAME scheme, state-level policies and PLI schemes, the government is encouraging the adoption of electric buses across the country. Our new subsidiary, Easy Green Mobility, is a way to support their exemplary efforts and contribute to India’s vision of becoming a global leader in Green Mobility. Moreover, this move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector.”

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