Team Startupcity

• LeafyBus raised $4.1 million from Enetra EV to expand its fleet and add new intercity routes, including Chandigarh and Jaipur.
• The startup operates long-distance electric buses with a 360 kW fast-charging system, offering quieter, cleaner, and cost-efficient travel.
• LeafyBus plans to add 100 buses over two years and expects Rs 75–80 crore revenue by FY26, entering a competitive market with players like Zingbus and Fresh Bus.

LeafyBus, a Delhi-based intercity electric bus startup, has raised $4.1 million in a pre-Series A funding round from Enetra EV, a financing platform backed by Singapore’s Impact Capital Asset Management (ICAM). The company plans to use the funds to grow its fleet and expand its services to new routes.

Founded in 2023 by Rohan Dewan and Animesh Sharma, LeafyBus currently operates electric buses on the Delhi-Dehradun and Delhi-Agra routes. The startup aims to add 100 buses to its fleet over the next two years and expand into cities like Chandigarh, Jaipur, and others within a 300-kilometer radius of Delhi. It is also the only long-distance bus operator powered by a 360 kW fast-charging station, enabling quicker and more efficient trips. 

LeafyBus follows a hybrid ownership model, keeping about 20-25% of its fleet on its own books while leasing the rest. Its current buses come from manufacturers such as JBM and Azad India Mobility, and the startup is in talks with Tata and Eicher for additional vehicles. The company expects to generate revenue of Rs 75-80 crore by fiscal year 2026.

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The startup enters a competitive intercity bus market that includes players like NueGo, Fresh Bus, Zingbus, Yolobus, and FlixBus. LeafyBus says its focus on electric mobility sets it apart, offering quieter, cleaner, and more cost-efficient travel options. Last year, Bengaluru-based Fresh Bus raised Rs 87.5 crore in a Series A round to launch 150 electric buses, while Zingbus secured $9 million from bp Ventures.

The electric bus market is expected to play a key role in India’s goal of achieving net-zero emissions by 2070. According to Fortune Business Insights, the broader EV market in India is projected to grow from $23.38 billion in 2024 to $117.78 billion by 2032, at a compound annual growth rate of 22.4%