GreenLine Mobility Solutions, part of the Essar Group and a pioneer in LNG and electric truck operations, has raised $275 million in equity funding to ramp up its clean mobility efforts across India.
The capital will be used to roll out over 10,000 low-emission trucks and establish 100 LNG refuelling stations and EV charging points, marking a significant push toward decarbonising India’s heavy transport sector.
Among the key backers is Zerodha co-founder Nikhil Kamath, who has contributed $20 million to the round.
“The logistics industry needs to evolve – faster, cleaner, and smarter… 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,” said Nikhil Kamath.
GreenLine is currently operating a dual model, with LNG-powered trucks catering to long-distance hauls and EVs handling short-range transport. Its subsidiary, Ultra Gas and Energy, is building a national network of LNG refuelling stations to support these operations.
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With the goal of cutting 1 million tonnes of carbon emissions each year, GreenLine aims to tackle the transport sector’s sizable carbon footprint, which accounts for nearly 15% of India’s total emissions.
The company claims its LNG fleet can cut carbon dioxide output by up to 30% and currently operates over 650 trucks across sectors like FMCG, e-commerce, mining, cement, oil & gas, and chemicals—helping its clients meet their sustainability targets.
