GreenLine Invests $275m In Green Logistics; Nikhil Kamath Invests $20Mn

India’s GreenLine Mobility Solutions, backed by Essar, has secured a $275 million equity investment to decarbonise the country’s heavy trucking sector, including a $20 million investment infusion from Nikhil Kamath. It aims to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emission.

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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. GreenLine offers its logistics services at cost parity with diesel trucks, ensuring that customers can reduce carbon emissions without incurring any additional costs.

GreenLine’s LNG-powered trucks 

GreenLine’s current fleet of over 650 LNG trucks serves companies across industries such as FMCG & E-commerce, Metals and Mining, Cement, Oil & Gas, Chemicals, etc. The fleet has already covered over 38 million kilometres, reducing CO₂ emissions by 10,000 tonnes.

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Anshuman Ruia, Director, Essar said “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, Chief Executive Officer (CEO, GreenLine Mobility Solutions Ltd. said, “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, Investor and Entrepreneur, 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.”