ENA Sectors 2024-04-23 16:35:52 <p><span style="font-size:14px"><strong>New Delhi, Apr 23 (KNN)</strong> Australias diversified financial group Macquarie has made its foray into the Indian market with the launch of its electric vehicle (EV) financing and comprehensive solutions platform, Vertelo.</span></p> <p><span style="font-size:14px">With a substantial commitment of USD 1.5 billion, Vertelo aims to accelerate the electrification of fleets, primarily focusing on buses and cars.</span></p> <p><span style="font-size:14px">Notably, approximately 95 per cent of this investment will be directed towards electrifying commercial vehicles.</span></p> <p><span style="font-size:14px">Vertelo's offerings encompass a range of services including financing, fleet management, and charging infrastructure solutions, underscoring its holistic approach towards facilitating the transition to electric mobility.</span></p> <p><span style="font-size:14px">A noteworthy aspect of this investment is that 5 per cent will be allocated towards charging infrastructure and other related requirements, ensuring a well-rounded approach to supporting EV adoption.</span></p> <p><span style="font-size:14px">In line with its ambitious goals, Vertelo has outlined plans to procure up to 2,000 electric cars from Tata Motors, a leading player in the Indian EV market, over the next three years.</span></p> <p><span style="font-size:14px">Additionally, it aims to purchase up to 2,000 buses each from electric bus manufacturers JBM Auto and Eka Mobility within the next three-to-five years.</span></p> <p><span style="font-size:14px">Further reinforcing its commitment to the Indian EV ecosystem, Macquarie had previously acquired a minority stake in Charge Zone, an Indian fast-charging infrastructure provider, in December.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37517 https://knnindia.co.in/news/newsdetails/sectors/macquarie-enters-india-with-usd-15-bn-electric-vehicle-investment 2024-04-23 16:35:52 knnindia.co.in