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Bloomberg Quint

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Image Credit: Bloomberg Quint

LeafyBus Plans To Electrify Intercity Bus Service With 100 New Vehicles By 2026

  • LeafyBus plans to electrify its intercity bus service by deploying 100 new electric buses by the year 2026.
  • The company is currently raising $2.5 million in capital to deploy 50 electric buses by October 2025 and scale to 100 by the following year.
  • LeafyBus aims to maintain strong unit economics by operating on longer routes and has shown success with 85% occupancy on its Delhi-Dehradun route.
  • The company follows an asset-light model, partners with JBM Auto Ltd. and Eka Mobility, and focuses on standardized, affordable, and reliable intercity travel.

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