GreenLine Mobility Solutions Enters Strategic Partnership with Shriram Finance to Drive Green Logistics Scale-up

Image Source: Essar

GreenLine Mobility Solutions Ltd, an Essar-promoted venture, has entered into a strategic tie-up with Shriram Finance Limited to expand green logistics business operations in India. The tie-up seeks to green the transport industry, utilizing LNG-fueled trucks and electric commercial vehicles to cut carbon emissions.

Strategic Tie-up & Financial Support

GreenLine Mobility Solutions has partnered with Shriram Finance, one of India's largest NBFCs.
This tie-up will speed up the rollout of LNG-powered trucks, increasing the financial affordability of green logistics.

Green Fleet & Infrastructure Expansion

GreenLine operates 650 LNG trucks presently, catering to sectors such as FMCG, e-commerce, mining, cement, oil & gas, and chemicals.
The company is going to have more than 10,000 LNG and EV trucks deployed with the support of 100 LNG fueling stations, EV charging stations, and battery swap outlets.

Environmental Impact & Carbon Reduction Goals

GreenLine's fleet has already traversed 40 million kilometers and has saved over 10,000 tonnes of CO₂ emissions.
The company is going to reduce carbon emissions by as much as 1 million tonnes a year, helping India achieve its sustainability objectives.

Industry Leadership & Market Positioning

GreenLine is India's largest owner of LNG and electric-fueled heavy commercial trucks.
The alliance underlines Shriram Finance's focus on fostering sustainable business models.

Future Outlook & Growth Strategy

GreenLine Mobility Solutions will keep growing its green fleet for long-term sustainability in logistics.
The association will propel innovation in clean transport, enabling India to become a gas-based economy.

This historic alliance underscores the mission of GreenLine Mobility Solutions toward greener logistics, solidifying its position in India's green mobility revolution.

Sources: Essar, GreenLine, ESG News