As part of the tender, the company will operate 430 electric buses. The frequency of travel on these routes will increase by more than 10 per cent, and for the first time in Israel, suburban buses will operate on urban routes.
Electric bus manufacturer, JBM Ecolife Mobility, a subsidiary (JV) of JBM Auto has secured a USD 100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), the company informed the exchange in a filing on Tuesday.