GreenLine Mobility Solutions Ltd., an Essar venture and India’s only dedicated green logistics operator of LNG and electric-powered heavy commercial vehicles, has raised $275 million in equity funding to accelerate the decarbonization of heavy trucking in the country. The round includes a $20 million investment from Zerodha co-founder Nikhil Kamath, marking one of the most significant capital infusions into India’s climate-conscious logistics infrastructure to date.
A Powerful Injection for Decarbonization
This substantial funding round includes a notable $20 million investment from Zerodha co-founder Nikhil Kamath, highlighting the increasing interest from prominent investors in climate-conscious ventures. The capital infusion will be instrumental in GreenLine’s ambitious plans to deploy over 10,000 liquefied natural gas (LNG) and electric trucks across India. This large-scale deployment is crucial for making a tangible impact on the sector’s emissions.
Building a Nationwide Green Logistics Ecosystem
Beyond vehicle deployment, the investment will also fuel the development of a comprehensive nationwide network. GreenLine aims to establish 100 LNG refueling stations, EV charging hubs and battery-swapping facilities. This infrastructure backbone is essential for supporting the widespread adoption of LNG and electric trucks, ensuring seamless operations, and addressing range anxiety concerns for long-haul logistics.
Significant Emissions Reduction on the Horizon
The environmental impact of this initiative is projected to be substantial. GreenLine estimates that the deployment of these green vehicles will reduce 1 million tonnes of carbon emissions annually. This is a critical contribution to India’s climate goals, particularly considering that the heavy trucking sector accounts for nearly 15% of the country’s total carbon footprint.
Leadership’s Vision for a Greener Future
Anshuman Ruia, Director of Essar, expressed his enthusiasm for this transformative shift, stating, “We are really excited about this game-changing shift in India’s heavy trucking industry. We see this as an opportunity to not only build the green mobility ecosystem but also, in the future, invest in clean energy sources to power our electric trucks. This integrated approach will significantly reduce emissions, reduce energy imports, and help drive India towards achieving a more sustainable, energy-secure future.”
Nikhil Kamath backed GreenLine’s Existing Market Presence and Unique Model
Founded with a clear mission to establish sustainable alternatives in long-haul logistics, GreenLine already operates a fleet of over 650 LNG-powered trucks. These vehicles serve a diverse range of clients across key sectors, including FMCG, e-commerce, cement, oil & gas, and chemicals. To date, GreenLine’s operational trucks have collectively travelled over 38 million kilometers, resulting in a reduction of more than 10,000 tonnes of CO₂ emissions.
A key differentiator of GreenLine’s model is its achievement of cost parity with traditional diesel trucks. This ensures that businesses can embrace sustainable logistics without incurring additional operational costs, making the transition to cleaner transportation economically viable. The company claims its LNG-powered fleet emits up to 30% less CO₂ compared to diesel counterparts, presenting a compelling proposition for corporations with decarbonization mandates.
Nikhil Kamath’s Perspective on the Inevitable Shift
Nikhil Kamath’s investment underscores a growing recognition of the urgent need for sustainable solutions in the logistics sector. He emphasized, “The logistics industry needs to evolve—faster, cleaner, and smarter. Green mobility isn’t just a trend; it’s the inevitable future. Backing GreenLine is a bet on that future, where sustainability and efficiency go hand in hand. More companies need to take the leap, adopt green tech, and rethink how we move goods at scale. This shift is happening—with or without you.”
A Replicable Path Towards National Climate Goals
India’s vast trucking ecosystem, comprising over 4 million vehicles, is currently a significant source of carbon emissions. As the nation strives to meet its climate pledges, including a commitment to reduce the emissions intensity of its GDP by 45% by 2030, GreenLine’s model offers a promising and replicable pathway forward for decarbonizing this crucial sector. Anand Mimani, CEO of GreenLine Mobility Solutions Ltd., urged India Inc. to actively support this transition towards a greener and more sustainable future. The substantial funding secured by GreenLine marks a pivotal moment in India’s journey towards a cleaner and more sustainable logistics landscape.
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The focus on both the vehicles and the infrastructure—LNG refueling stations and EV hubs—is a smart move. It shows that GreenLine is thinking holistically about sustainability and overcoming the logistical challenges of adoption.
It’s exciting to see high-profile investors backing solutions that tackle industrial emissions head-on. The scale of GreenLine’s vision, especially building out the supporting infrastructure, could set a new benchmark for green logistics in emerging markets.
The scale of GreenLine’s rollout is ambitious, but the real game-changer might be the nationwide infrastructure they’re planning. It’s one thing to go electric, another to make it viable for long-haul logistics across India.