MG Motor India to supply 3000 EVs to Vertelo

23 May 2024 , 03:46 PM

MG Motor India has signed an initial pact with integrated fleet electrification platform Vertelo to deliver 3,000 EVs in phases. Both entities have formalized this agreement through a memorandum of understanding (MoU). The partnership aims to offer sustainable mobility solutions to riders and develop a robust EV charging infrastructure across the country.

According to MG Motor India’s statement, the collaboration reflects a shared vision for a green and sustainable future, aligning with India’s decarbonization efforts.

Gaurav Gupta, Chief Growth Officer at MG Motor India, expressed optimism about advancing e-mobility solutions and accelerating EV adoption in India through this partnership.

Vertelo, established by Macquarie Asset Management and backed by the Green Climate Fund with an investment commitment of up to USD 200 million, is dedicated to fleet electrification.

Sandeep Gambhir, CEO of Vertelo, described the partnership with MG Motor India as the beginning of an exciting journey toward accelerating fleet electrification and achieving net-zero emissions.

The collaboration aims to leverage MG Motor India’s forthcoming range of electric vehicles along with Vertelo’s integrated electrification solutions for fleet operators and corporates to expedite the transition to a more sustainable transportation ecosystem. MG Motor India’s current EV lineup includes the small electric car ‘Comet’ and the SUV ‘ZS EV’.

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