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Key Highlights:
Electric intercity startup LeafyBus is gearing up to grow its fleet to 100 electric buses by the year 2026. The company aims to grow steadily while maintaining strong financial performance, something not common in the transport sector.
“We began operations in December with just six buses and now run three trips daily on the Delhi-Dehradun route, with an 85% average occupancy. In 90 days, we’ve covered over 92,000 km without any charging delays,” said co-founder Rohan Dewan.
Affordable Travel Without Luxury Add-ons
LeafyBus follows an asset-light model, which has helped the company stay EBITDA positive. “We aren’t burning cash,” Dewan added. “No luxury lounges, no flashy ads—just reliable and affordable travel.” Currently, LeafyBus tickets cost around ₹450 for a 300 km ride, nearly half the cost of a typical AC Volvo bus on the same route.
Funding and Future Plans
The company is now raising $2.5 million to help scale operations. The plan is to deploy 50 electric buses by October 2025 and double that to 100 in 2026. LeafyBus works with JBM Auto Ltd. and Eka Mobility as manufacturing partners, while charging is managed by Glida (previously Fortum Charge & Drive).
EV Push in North Indian States
LeafyBus’ growth comes at a time when states like Uttar Pradesh and Rajasthan are pushing for electric mobility. Uttar Pradesh plans to introduce 2,000 electric buses under the PM E-Drive scheme and build 340 charging stations, expanding to 8,000 buses by 2030. Rajasthan has a policy to gradually replace traditional buses with electric ones on key routes.
Targeting Supportive States
LeafyBus plans to register buses in states with better EV support. “We’re aiming for 500 buses in the next three years. The potential is huge, 92% of buses in India are privately owned, but less than 1% are electric,” Dewan said. LeafyBus says its mission is to provide a clean, safe, and affordable ride without compromising on quality or profits. “The electric future is not far off, it’s already here, and we’re leading the way,” Dewan concluded.
Also Read: LeafyBus Launches India's First 360 KW Fast-Charging Infrastructure for Electric Buses
CMV360 Says
LeafyBus is taking a smart and practical route to scale electric mobility in intercity travel. Its focus on keeping costs low while offering consistent service can make electric buses more acceptable to Indian travellers. If it stays consistent with its strategy, LeafyBus could become a major name in the future of Indian intercity travel.
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