Nikhil Kamath Invests $20Mn As Part of $275Mn Round In Green Logistics

GreenLine Mobility Solutions Ltd., part of the Essar Group, is India’s only green logistics company using LNG and electric trucks, has announced a $275 million equity investment to speed up the shift to cleaner heavy-duty transport in India. 

This includes a $20 million investment from Nikhil Kamath, supporting the country’s move towards eco-friendly logistics.

GreenLine aims to cut emissions in India’s transport sector which accounts for about 15% of the nation’s total carbon output. 

The new funds will help deploy over 10,000 LNG and electric trucks and build a network of 100 LNG refuelling stations, EV charging points and battery swap stations across the country. The goal is to reduce 1 million tonnes of carbon emissions each year.

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India’s road logistics sector is one of the most polluting, with over 4 million trucks on the road. GreenLine is working in line with the government’s goal to cut greenhouse gas emissions by switching to cleaner fuels. It offers logistics services using LNG and EV trucks at the same cost as diesel ones, allowing businesses to go green without extra expenses.

GreenLine’s LNG trucks cut CO₂ emissions by up to 30%. Its fleet of over 650 trucks already serves major companies across industries like FMCG, e-commerce, mining, cement, oil & gas, and chemicals. These trucks have travelled over 38 million kilometres and reduced emissions by 10,000 tonnes so far.

Anshuman Ruia, Director, Essar said “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.”

Anand Mimani, CEO, GreenLine Mobility Solutions Ltd. 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. We request India Inc. to embrace this evolving landscape and actively support the transition towards a greener and more sustainable future for all.”

Nikhil Kamath, said “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.”

About GreenLine Mobility

GreenLine Mobility Solutions part of the Essar Group, uses LNG trucks for long-distance transport and electric vehicles (EVs) for shorter routes. Through its subsidiary— Ultra Gas and Energy Ltd., the company is also setting up a nationwide network of LNG refueling stations to support its green transport services. By using advanced technology and eco-friendly methods GreenLine aims to make India’s transport and logistics cleaner and more efficient.

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