Essar’s Green Mobility Arm Secures $275 Million to Expand LNG and EV Truck Fleet

In a major push towards sustainable logistics, Essar Group’s green mobility venture, GreenLine Mobility Solutions, has secured a $275 million equity investment to expand its fleet of eco-friendly trucks. Among the investors is Nikhil Kamath, who contributed $20 million to the funding round. This move marks a significant milestone in India’s journey to de-carbonise its heavy transport sector.

Expanding the Green Fleet

GreenLine operates a fleet of heavy commercial vehicles powered by Liquefied Natural Gas (LNG) and electricity. With this new investment, the company plans to roll out more than 10,000 additional LNG and EV trucks. It also aims to establish a robust support infrastructure with 100 LNG refuelling stations, EV charging hubs, and battery swapping centres across the country.

Reducing Emissions at Scale

India’s road logistics sector, with over 40 lakh trucks on the road, is among the highest contributors to carbon emissions. GreenLine’s LNG-powered trucks can reduce carbon dioxide emissions by up to 30%. So far, the company’s existing fleet of 650 trucks has already travelled more than 38 million kilometres, cutting down emissions by 10,000 tonnes. With this expansion, GreenLine aims to reduce 1 million tonnes of carbon emissions every year.

A Vision for Sustainable Logistics

Anshuman Ruia, Director at Essar, highlighted the importance of this step in creating a cleaner logistics ecosystem. “We see this as an opportunity to build not just a green mobility platform but also invest in clean energy sources that will eventually power our electric trucks,” he said. He added that the integrated model will help lower emissions, reduce energy dependence, and support India’s energy security goals.

Industry-Wide Support Needed

Anand Mimani, CEO of GreenLine Mobility Solutions, called on Indian businesses to actively back the transition to sustainable logistics. “This investment brings us closer to our mission of transforming India’s road logistics sector. We encourage industry leaders to embrace this shift for a greener future,” he said.

As GreenLine scales up operations, this funding round is expected to set the tone for more clean-tech innovation in the transport space, making India’s supply chains cleaner, greener, and more future-ready.

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