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EaseMyTrip Arm Yolo Bus Secured Tender from Madhya Pradesh Government

Written by: Sachin GuptaUpdated on: Feb 25, 2025, 4:06 PM IST
The electric buses will be operated by the company’s subsidiary YoloBus and manufactured by Easy Green Mobility.
EaseMyTrip Arm Yolo Bus Secured Tender from Madhya Pradesh Government
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On February 24, 2025, EaseMyTrip.com, one of India’s leading online travel tech platforms, announced that its wholly owned subsidiaries, YoloBus and Easy Green Mobility have secured a tender for the Madhya Pradesh Government’s only first inter-city electric buses issued by Sagar City Transport Services Limited (SCTSL).

Operation of Electric Buses

The company in the exchange filing stated that the said electric buses will be operated by YoloBus and manufactured by Easy Green Mobility. This landmark achievement tackles the urgent issue of limited electric bus availability amidst soaring demand while supporting the state’s bold vision for sustainable public transportation.

The first batch of cutting-edge electric buses is set to roll out in August 2025. Each bus is designed to offer an exceptional combination of advanced technology, passenger comfort, and environmental efficiency—providing a smooth, safe, and eco-friendly travel experience

Management Take on Historic Win

Mr. Rikant Pittie, CEO and Co-Founder of EaseMyTrip said, “Our entry into in-house electric bus manufacturing is a direct response to the strong demand we’ve observed through YoloBus. In a market where supply struggles to meet soaring demand, we recognized that this strategic shift was not just necessary to address immediate operational needs but also to capture a rapidly growing market. The electric vehicle market, valued at USD 331.9 million in 2024, is projected to grow at an impressive CAGR of 18.2%.”

“This move is further supported by robust government initiatives, such as the PM E-Drive, state-level policies, and PLI schemes, offering an excellent opportunity to localize production and create a fully ‘Make-in-India’ product. With our new subsidiary, Easy Green Mobility, and an initial investment of INR 200 crore, we are committed to setting new standards in sustainable transit and expanding our presence in the booming EV and eMobility sector”

Conclusion

As an established operator with a successful fleet and robust market demand, YoloBus is smoothly incorporating these state-of-the-art electric buses into its network to enhance the travel experience. This initiative further supports EaseMyTrip’s ‘Make in India’ vision and solidifies its leadership in India’s electric vehicle revolution, fostering innovation in sustainable mobility.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 25, 2025, 9:34 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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