Zerodha co-founder Nikhil Kamath invests Rs 172 crore in GreenLine's Rs 1,500 crore funding round

GreenLine Mobility Solutions Ltd., an Essar venture and India's only dedicated green logistics operator of LNG and electric-powered heavy commercial vehicles, has raised $275 million in equity funding to accelerate the decarbonisation of heavy trucking in the country.

The round includes a $20 million investment from Zerodha co-founder Nikhil Kamath, marking one of the most significant capital infusions into India's climate-conscious logistics infrastructure to date.

Deploying 10,000 LNG and EV trucks

The investment will enable the deployment of over 10,000 liquefied natural gas (LNG) and electric trucks, alongside the development of a nationwide network comprising 100 LNG refuelling stations, EV charging hubs, and battery swapping facilities.

The company projects that the initiative will cut 1 million tonnes of carbon emissions annually—a vital step in decarbonizing a sector responsible for nearly 15% of India's total carbon footprint.

"We are really excited about this game-changing shift in India's heavy trucking industry," said Anshuman Ruia, Director, Essar.

"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."

Market presence

GreenLine, founded with the mission to build sustainable alternatives in long-haul logistics, currently operates more than 650 LNG-powered trucks.

These vehicles—already serving clients in sectors like FMCG, e-commerce, cement, oil & gas, and chemicals—have collectively travelled over 38 million kilometres, resulting in the reduction of more than 10,000 tonnes of CO₂ emissions, the company said.

What distinguishes GreenLine's model is its cost parity with diesel, ensuring businesses can reduce emissions without additional logistical costs. The company claims its LNG-powered fleet emits up to 30% less CO₂ than its diesel counterparts, providing an attractive alternative for corporates pursuing decarbonization mandates.

"GreenLine has been at the forefront of decarbonising India's heavy trucking industry, making significant progress from the very start," said Anand Mimani, CEO of GreenLine Mobility Solutions Ltd.

"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."

What did Nikhil Kamath say?

India's trucking ecosystem, with more than 4 million vehicles on the road, is among the most carbon-intensive in the world. As the nation attempts to align with its climate pledges—aiming to cut emissions intensity of GDP by 45% by 2030—GreenLine's model offers a replicable path forward.

"The logistics industry needs to evolve—faster, cleaner, and smarter," said Nikhil Kamath, whose investment in GreenLine underscores a broader shift in how capital is flowing into climate-aligned infrastructure.

"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. This shift is happening—with or without you."