GreenLine Mobility, powering the implementation of LNG-powered trucks for long-haul logistics. Recently got a significant boost in funding from Nikhil Kamath, co-founder of Zerodha. An investment of $20 million to push cleaner and sustainable logistics solutions in India.
GreenLine Mobility is focusing on the reduction of environmental impact on the freight transportation. The capital gathered will be used to expand the fleet, and infrastructures and also create an impact on the green mobility around India.
Kamath is a prominent investor and entrepreneur in India. His involvement in the sustainable and climate-focused innovations highlights the importance of sustainability and the growing interests of investors in this sector.
“GreenLine has been at the forefront of decarbonising India’s heavy trucking industry, making significant progress from the very start. As leaders in this space, this investment brings us even closer to our vision of transforming India’s road logistics sector”, says Anand Mimani, the CEO of GreenLine Mobility.
Many companies are looking for sustainable options when it comes to logistics. Encouraging greener steps for big vehicles like trucks is a milestone that will help to protect the environment and create a significant change in the country, especially in the major cities. The secured fund will boost Greenline to scale the operations and logistics as cleaner alternative.
