JBM Auto Establishes JBM EV Ventures for EV Battery Solutions

JBM Auto Limited declared the establishment of a new subsidiary, JBM EV Ventures Private Limited, entirely owned by them, as per a regulatory filing on February 26, 2025. The Registrar of Companies for Delhi and Haryana issued the Certificate of Incorporation for the new entity on February 19, 2025, and JBM Auto received it on February 25, 2025.

According to the submission in accordance with SEBI regulations, the newly established subsidiary has an authorized share capital of Rs. 10 lakhs and a contributed capital of Rs. 5 lakhs, with JBM Auto possessing complete ownership of the firm. The main objective of JBM EV Ventures Private Limited will be to provide electric vehicle (EV) battery services via subscription, encompassing the leasing and renting of EV batteries.

Furthermore, the subsidiary will participate in the research, development, production, and marketing of advanced battery technologies and associated products. Additional business efforts will include facilitating the adoption of electric vehicles, participating in initiatives from both governmental and private sectors to encourage sustainable transportation and exploring further projects that align with the company’s objectives.

JBM Group is a dynamic and progressive organization committed to providing value-enhanced products, services, and creative solutions to its customers. Featuring a varied portfolio that includes automotive, engineering and design services, as well as renewable energy, the Group runs 35 manufacturing facilities and 4 engineering and design centers in 18 locations globally.