- $1B green logistics investment: GreenLine to scale its fleet from 650 to 10,000 heavy-duty LNG and electric trucks.
- Nationwide infrastructure rollout: 100 LNG refueling stations, EV charging, and battery-swapping hubs to support transition.
- Emission cuts at diesel costs: Clients get diesel-level rates while reducing emissions—potentially earning carbon credits.
GreenLine Mobility Solutions, a logistics firm backed by the Essar Group, is accelerating its green transportation goals with a $1 billion investment—including $275 million in equity from its promoters and investors like Nikhil Kamath, co-founder of Zerodha.
The Mumbai-based company currently operates 650 LNG trucks across India and plans to scale up to 10,000 heavy-duty vehicles powered by liquefied natural gas (LNG) and electricity in the coming years. This strategic expansion is designed to offer cost-competitive, low-emission logistics solutions to Indian corporates.
“This investment in decarbonising road logistics aligns with Prime Minister Narendra Modi’s e-drive initiative,” said Anshuman Ruia, a director of Essar. “India’s vision for a low-carbon future is taking shape, and GreenLine is proud to be at the forefront.”
The fleet expansion is backed by a technical and equity partnership with Iveco, the Italian commercial vehicle manufacturer, via an associate company. This firm is also tasked with establishing 100 LNG refueling stations, EV charging points, and battery-swapping facilities—laying down the national infrastructure for a cleaner freight future.
GreenLine’s move is in step with wider trends. China’s LNG truck share rose to over 9% in 2024, signaling a regional momentum away from diesel. In India, policy now actively supports green freight transitions, which still lag China in LNG/EV truck penetration and charging infrastructure.
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“With our nationwide network, we are enabling the logistics ecosystem to move seamlessly to cleaner, more efficient alternatives,” said Anand Mimani, CEO of GreenLine. “We are building the backbone of sustainable logistics.”
The company emphasizes that its green transport services are cost-competitive with diesel, offering clients the ability to cut emissions without higher costs—plus the potential to earn carbon credits.
Kamath, who invested $20 million in the latest round, sees this as more than an opportunity—it’s a necessity.
“Green mobility isn’t just a trend—it’s inevitable,” Kamath said. “More companies need to take the leap. This shift is happening— with or without you.”
India’s freight sector is among the country’s largest emitters, with over 4 million diesel trucks accounting for 15% of national carbon emissions. GreenLine’s fleet—already serving FMCG, e-commerce, mining, cement, oil, gas, and chemical sectors—has clocked 38 million kilometers and avoided 10,000 tonnes of CO₂ emissions to date. The company targets a reduction of 1 million tonnes annually with its expanded greenfleet.
“GreenLine is not just adding trucks,” Mimani emphasized. “We are enabling a transformation in how India moves goods—cleaner, smarter, and without compromise.”
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