KVB, Greenline Partner to Decarbonise Road Logistics

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by KnowESG
KnowESG_KVB, Greenline Partner to Decarbonise Road Logistics
Image courtesy of Greenline

Karur Vyasa Bank (KVB) demonstrates its commitment to furthering India's sustainability mission by offering financial support to Greenline Mobility Solutions Ltd (Greenline) for the acquisition of liquefied natural gas (LNG)-powered vehicles.

Mr. Arunagiri, the Head of the Business Banking Unit at KVB in Mumbai, convened with Greenline's Director and CFO, Sharvari Prabhu, to formally execute the agreements securing funding for India's pioneering fleet of LNG-Powered Heavy-Duty Trucks.

This collaborative effort represents a significant leap toward the establishment of a more sustainable future in India's logistics industry. The introduction of LNG-powered vehicles holds the potential for reduced carbon emissions, reinforced environmental stewardship, and increased operational efficiency in road transportation.

KVB's proactive engagement in India's sustainability drive underscores the collective dedication to cleaner and more environmentally responsible transportation solutions.

Teaming up with KVB, the envisioning of a future where the logistics sector seamlessly integrates efficiency with environmental consciousness becomes a reality.

This partnership underscores the influential role of cooperative endeavours in advancing sustainability and decarbonisation initiatives, showcasing a shared commitment to nurturing an eco-friendly and sustainable logistics sector, offering a greener and more prosperous future for all. This collaborative initiative is paving the way for a more sustainable, cleaner, and environmentally-conscious India.

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Source: Greenline

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