JBM Auto Shares Rise After UAE Electric Bus Deal

JBM Electric Vehicles is partnering with Al Habtoor Motors to bring electric buses to the UAE.

Al Habtoor will be the exclusive distributor.

The goal is to help the UAE meet its environmental goals.

JBM's e-buses have already traveled over 200 million km.

This partnership aims to cut carbon emissions, save diesel, and serve many passengers over the next decade.

JBM Auto shares increased after the announcement.

JBM Auto secured a $100 million investment from IFC.