Nikhil Kamath and GreenLine Investment

GreenLine Announces $275 Million Equity Investment, Including $20 Million from Nikhil Kamath

GreenLine Mobility Solutions has announced a $275 million equity investment to accelerate the decarbonisation of India’s heavy trucking sector. The investment includes a $20 million commitment from investor and entrepreneur Nikhil Kamath.

The funding will support GreenLine’s plans to deploy more than 10,000 LNG and electric trucks and build the infrastructure required to operate them at scale. This includes a nationwide network of 100 LNG refuelling stations, EV charging stations and battery-swapping facilities.

Together, these initiatives are expected to enable a reduction of up to 1 million tonnes of carbon emissions annually.

India’s road logistics sector, with more than 4 million trucks in operation, is a significant contributor to transport emissions. GreenLine is focused on addressing this through a combination of LNG-powered trucks for long-haul transportation and electric vehicles for shorter-haul operations.

The company’s approach is also designed around commercial viability. GreenLine offers its logistics services at cost parity with diesel-powered trucks, allowing businesses to adopt lower-emission transportation without an additional logistics cost.

GreenLine currently operates more than 650 LNG-powered trucks across sectors including FMCG and e-commerce, metals and mining, cement, oil and gas, and chemicals. The fleet has covered more than 38 million kilometres and reduced CO₂ emissions by over 10,000 tonnes.

The investment marks a significant step in GreenLine’s plans to scale cleaner heavy-duty transportation and build the infrastructure needed to support the transition across India’s road logistics sector.

Commenting on the investment, Anshuman Ruia, Director, Essar, said, “We are really excited about this game-changing shift in India’s heavy trucking industry. 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, CEO, GreenLine Mobility Solutions, said, “GreenLine has been at the forefront of decarbonising India’s heavy trucking industry, making significant progress from the very start. As leaders in this space, this investment brings us even closer to our vision of transforming India’s road logistics sector. 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.”