Monday, May 12 2025 | Time 09:51 Hrs(IST)
Business EconomyPosted at: May 7 2025 1:51PM


GreenLine ties up with Shriram Finance

Pune, May 7 (UNI) GreenLine Mobility Solutions Ltd, an Essar-backed venture and India’s only dedicated green logistics operator deploying LNG-and-electric-powered heavy commercial trucks, on Wednesday announced a strategic partnership with Shriram Finance Limited to accelerate its green mobility mission.
The collaboration was marked by the flagging off of a fresh fleet of LNG-powered trucks from Pune. Shriram Finance, one of India’s largest retail NBFCs and the flagship firm of the Shriram Group, will provide financial support to enable the deployment of these environmentally friendly vehicles.
GreenLine, with a current fleet of over 650 LNG trucks, services major clients across sectors such as FMCG, e-commerce, cement, mining, oil and gas, and chemicals. The fleet has already clocked over 40 million kilometres, contributing to a reduction of more than 10,000 tonnes of CO₂ emissions.
The company now plans to scale operations significantly by deploying more than 10,000 LNG and electric trucks across India, supported by 100 LNG refuelling stations, EV charging points and battery swapping facilities. This initiative is expected to reduce carbon emissions by up to one million tonnes annually.
"This fleet expansion, supported by Shriram Finance, is a key step towards transforming India's logistics with sustainable, high-performance solutions," said Anand Mimani, CEO of GreenLine Mobility. He added that the trucks, manufactured by Blue Energy Motors, are central to the company’s mission of decarbonising transport.
GreenLine CFO Sharvari Prabhu said that strategic financial partnerships such as this one enable the company to offer viable green alternatives to traditional diesel trucking and align with India’s climate goals.
GM Jilani, Joint Managing Director of Shriram Finance, remarked, "This partnership marks our first investment in cleaner fuel technology and reflects our commitment to driving sustainable transformation in transportation. We are proud to support GreenLine’s vision and expand our green financing initiatives beyond electric mobility."
GreenLine’s parent company, Essar, has positioned the firm as a pioneer in India’s transition to low-carbon logistics. Through its subsidiary, Ultra Gas and Energy Ltd., the company is also developing LNG refuelling infrastructure nationwide.
Shriram Finance, founded in 1979, serves nearly 96 lakh customers and manages assets worth over Rs 2.63 trillion. Its support is expected to make green logistics more accessible to small fleet operators and businesses across India.
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