In a significant step toward sustainable mobility, Tata Motors has partnered with Vertelo, a Macquarie-managed fleet electrification platform, to offer customized leasing solutions for electric commercial vehicles (eCVs). The collaboration, formalized through a Memorandum of Understanding (MoU) on May 15, 2025, aims to make electric mobility more accessible for fleet operators across India, supporting the nation’s transition to greener transportation.
The partnership includes Tata Motors’ entire eCV lineup, from the nimble Tata Ace EV to the robust Tata Ultra and Tata Starbus, and even heavy-hitters like the Tata Prima E.55S and Tata Magna EV bus. By slashing the hefty upfront costs, this collaboration makes it way easier for fleet owners to switch to electric, paving the road to a cleaner, more sustainable India.
Rajesh Kaul, head of the truck division at Tata Motors Commercial Vehicles, is pumped about the partnership. “Working with Vertelo is a big deal—it means more businesses can get their hands on our awesome electric vehicles,” he said. Vertelo’s CEO, Sandeep Gambhir, is just as excited, noting that the deal will get electric vehicles rolling in all sorts of fleets, from city buses to small delivery trucks. “Our leasing plans are built to make EVs the no-brainer choice for companies,” Gambhir said.
Vertelo, powered by a 1.5 billion USD investment from Macquarie Asset Management and 200 million USD from the Green Climate Fund, is on a mission to create a thriving EV ecosystem in India. They’ve got everything covered, leasing, financing, charging stations, and fleet management, all aiming to cut carbon emissions by 9.5 metric tonnes.
Tata Motors is already a rockstar in India’s EV market, with a 38.10% share and over 200,000 EVs sold by March 2025. Pairing their innovative electric vehicles with Vertelo’s savvy financing, this partnership is set to make sustainable transport a practical, budget-friendly move for businesses, helping India drive toward a greener future.
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