As you all know, India is promoting green energy. Keeping this in mind, there is a plan to run an electric bus between two cities in Madhya Pradesh. EaseMyTrip’s subsidiaries YoloBus and Easy Green Mobility have secured the tender for Sagar City Transport Services Limited (SCTSL)‘s intercity bus project.
In the third quarter of the financial year 2024, LIC held a 2.17% stake in the company. According to the latest data, LIC has increased its stake to 2.36%. The increased stake of LIC in the company also instils confidence among investors.
A Step Towards Greener Roads
Under this initiative, Easy Green Mobility will provide the fleet of buses that will be operated under the YoloBus brand. The first batch of the buses will be operational by August 2025. Soon you will see intracity green buses serving passengers. This move showcases the government’s broader vision for reducing the dependency on conventional fuel and leading India to a greener future.
A Vision for the Future
EaseMyTrip’s co-founder and CEO, Rikant Pittie, underscored the strategic shift behind this venture:
“Stepping into electric bus manufacturing wasn’t just a business decision—it was a necessity. With demand outpacing supply, we realized the only way to bridge this gap was to take control of production. This move allows us to meet growing market needs while carving a space in India’s rapidly expanding EV sector.”
The EV industry in India was valued at USD 331.9 million in 2024 and it is expected to grow at a CAGR of 18.2%. EaseMyTrip has invested INR 200 crore in Easy Green Mobility to ensure a truly ‘Make in India’ product. Government initiatives like the PM E-Drive, state-level EV policies, and the Production-Linked Incentive (PLI) scheme will also boost this transport transition to all-green.
Transforming Travel in Madhya Pradesh
Manoj Soni, CEO of Easy Green Mobility, shared his enthusiasm for this groundbreaking partnership:
“Teaming up with SCTSL and the Madhya Pradesh government is an exciting step forward. Our goal isn’t just to introduce electric buses but to revolutionize the way people travel. By delivering top-tier, eco-friendly transport solutions, we’re bringing the ‘Make in India’ vision to life and setting new standards in inter-city mobility.”
The new fleet will be more than just electric—it will redefine inter-city travel. Expect near-zero emissions, minimal noise pollution, real-time tracking, onboard entertainment, and punctual schedules, ensuring passengers experience both comfort and efficiency in one ride.
Expansion & What Lies Ahead
YoloBus is operating across 250 routes in India. After the addition of the green buses, YoloBus is planning to expand its network to the 400+ mark. Madhya Pradesh is just beginning, and EaseMyTrip is planning to roll out EV buses throughout the nation. With this initiative, trip planners can become a frontrunner in India’s EV revolution in transport.
Final Thoughts
By securing this historic tender and LIC increasing stake in the company, EaseMyTrip, YoloBus, and Easy Green Mobility have positioned themselves in India’s sustainable transport shift. With a potent mix of innovation, investment, and policy support, they are set to reshape inter-city travel while leaving a lasting imprint on India’s green mobility landscape. One thing’s for sure—the future of travel is electric, and it’s arriving sooner than we think.
EaseMyTrip launched its IPO on 8 March 2021, the stock was listed on 17 March 2021. INR 510 crore issue delivered 11.47% returns to the investors on listing day. After listing stock turned into a multibagger and delivered over 500% returns to the investors. Currently, its shares are trading around INR 12 per share reflecting a return of ~110% from its listing price.