April 11, 2025: GreenLine Mobility Solutions Ltd, is infusing a $275 million equity investment to help deploy over 10,000 LNG and EV trucks and set up 100 LNG refuelling stations and EV charging points with a view to accelerating decarbonisation of heavy trucking in India. This encompass a $20 million investment from Zerodha Co-founder Nikhil Kamath.
The green mobility firm’s LNG-powered trucks claims to reduce carbon dioxide emissions by up to 30%. The company’s present fleet of over 650 LNG trucks serves marquee firms in many sectors including FMCG and ecommerce, metals and mining, cement, oil and gas, and chemicals. The fleet has already covered over 38 million kilometres, reducing carbon dioxide emissions by 10,000 tonnes.
According to the company statement “GreenLine aims to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emission.
It stated the funding will enable the deployment of over 10,000 LNG and EV trucks, along with the establishment of a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities. This comprehensive initiative aims to reduce 1 million tonnes of carbon emissions annually.
Nikhil Kamath Backs GreenLine’s Clean Truck Revolution; To Build 100 LNG & EV Stations Across India
“Aligned with the Indian government’s ambitious goal to reduce greenhouse gas emissions, GreenLine is committed to transitioning India’s heavy-duty vehicle (HDV) fleet to LNG and EV trucks to promote cleaner, more sustainable transport.
The company offers its logistics services at cost parity with diesel trucks, ensuring that customers can reduce carbon emissions without incurring any additional costs,” the statement revealed.
“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, cut down on energy imports, and help drive India towards achieving a more sustainable, energy-secure future,” Anshuman Ruia, Director at Essar, said.
Anand Mimani, CEO of the Mobility Solutions firm, said, “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.”
“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.
The Green Mobility Solutions is an Essar group venture operates LNG and electric-powered heavy commercial trucks for long-haul transportation and electric vehicles (EVs) for short-haul operations. Ultra Gas and Energy Ltd, its subsidiary is also building a nationwide network of LNG refuelling stations to support its green logistics solutions.
India’s road logistics sector, with over 4 million trucks already in operation and continuing to grow, remains one of the country’s most carbon-intensive industries.
