LeafyBus Plans To Electrify Intercity Bus Service With 100 E-Buses By 2026

LeafyBus is charging ahead with plans to expand its intercity fleet to 100 electric buses by next year, to gain a foothold in North India’s state transport ecosystem.

That, according to the company’s co-founder Rohan Dewan, can be achieved by operating on longer routes while maintaining strong unit economics—a rarity in the transport sector.

“We started operations in December with six electric buses and are currently averaging 85% occupancy on our Delhi-Dehradun route,” Dewan said. “Each bus is running three trips a day, and we have clocked over 92,000 km in 90 days without charging delays.”

LeafyBus is currently raising $2.5 million in capital, with a clear roadmap: deploy 50 buses by October 2025, then scale to 100 some time in 2026. JBM Auto Ltd. and Eka Mobility are its key OEM partners, while charging is handled by Glida, formerly Fortum Charge & Drive.

The company is EBITDA positive—a rarity in India’s EV ecosystem.

“We aren’t burning cash. We don’t have fancy lounges or marketing blitzes. Instead, we focus on standardized, affordable, and reliable intercity travel,” Dewan said. Tickets are priced at Rs 450 for a 300 km journey, nearly half the fare of traditional Volvo AC buses.

LeafyBus’ expansion plans come at a time when several North Indian states, including Uttar Pradesh and Rajasthan, are drawing up plans to electrify their transport undertakings.

Under the Uttar Pradesh Electric Vehicle Mobility Management Policy, the Yogi Adityanath government plans to add 2,000 buses under the PM E-Drive scheme, as well as set up 340 charging stations. That number would increase to 8,000 by the end of this decade. In the case of Rajasthan, an EV policy is in place for “phased transition to electric buses used in routes connecting priority cities”.

LeafyBus will register its electric buses in states offering the most supportive frameworks. 

“We’re targeting 500 buses over the next three years. The opportunity is massive—92% of buses in India are privately owned, but less than 1% are electric,” he noted.

“Our goal is simple—to offer a clean, safe, and affordable ride that doesn’t compromise on quality or profitability. The electric transition isn’t just coming—it’s already here, and we’re driving it forward.”