PFC signs agreement to finance 350 electric buses in Uttar Pradesh

Power Finance Corporation (PFC) has signed an agreement to lend Rs 2.75 billion for deployment of 350 electric buses across nine cities of Uttar Pradesh.

The agreement was signed with GreenCell Mobility, an e-mobility platform supported by the governments of India and the United Kingdom to boost adoption of electric vehicles in the country. The buses will be deployed in key cities of Uttar Pradesh including Agra, Meerut, Aligarh, Bareilly, Ghaziabad and Mathura.