JBM Auto Forms New Subsidiary, JBM EV Ventures, to Focus on Electric Vehicle Battery Services
JBM Auto forms new subsidiary to provide electric vehicle battery services and advance battery technology solutions, positioning itself for growth in the expanding EV market.
JBM Auto Limited has announced the formation of a new wholly owned subsidiary, JBM EV Ventures Private Limited, as per a regulatory filing dated February 26, 2025.
The new entity’s Certificate of Incorporation was issued by the Registrar of Companies, NCT of Delhi and Haryana, on February 19, 2025, and JBM Auto officially received it on February 25, 2025.
In line with the disclosure requirements set forth by SEBI, the subsidiary has been incorporated with an authorized capital of ₹10 lakhs and a paid-up capital of ₹5 lakhs. JBM Auto holds complete ownership with a 100% shareholding in the new entity.
The primary focus of JBM EV Ventures Private Limited will be to offer electric vehicle (EV) battery services on a subscription model, including battery leasing and rental.
Additionally, the subsidiary will concentrate on the research, development, production, and sale of cutting-edge battery technologies and related products.
The company will also engage in activities to support the adoption of electric vehicles, collaborate with government and private sector initiatives promoting eco-friendly transportation, and undertake other business ventures aligned with its core objectives.
While the new subsidiary has not yet commenced its operations, this strategic step positions JBM Auto to tap into the expanding electric vehicle market in India.
This announcement has been made in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
