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.