Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., has entered a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, to supply 2,000 XPRES-T EVs, advancing India’s transition to sustainable e-mobility. This strategic partnership underscores TPEM’s commitment to promoting sustainable mobility in India, with Mr. Vivek Srivatsa, Chief Commercial Officer, expressing enthusiasm for collaborating with Vertelo to boost EV adoption. With the XPRES-T EV garnering significant market share in the fleet segment, this collaboration reinforces Tata Motors’ leadership in passenger EVs and contributes to India’s ongoing EV revolution.
Vertelo’s CEO, Sandeep Gambhir, echoes the sentiment, highlighting the partnership’s role in accelerating fleet electrification and decarbonization in India. The collaboration aims to facilitate the transition to sustainable transportation by offering tailored leasing options to fleet operators, thereby promoting the widespread adoption of EVs.
Tata Motors’ XPRES-T EV, launched under the ‘XPRES’ brand exclusively for fleet customers, offers impressive features including a high energy density battery, fast charging capabilities, and zero tail-pipe emissions. With its range options and convenient charging solutions, the XPRES-T EV addresses the evolving needs of fleet operators while prioritizing sustainability and performance.
Vertelo, as a pioneering platform in fleet electrification, aims to provide end-to-end solutions to accelerate the adoption of EVs. Backed by Macquarie Asset Management and the Green Climate Fund, Vertelo plans substantial investments to build a robust EV ecosystem and achieve significant greenhouse gas emissions reduction over the next decade.
Overall, the collaboration between Tata Motors and Vertelo signifies a significant step towards achieving India’s sustainable mobility goals. With a focus on innovation, sustainability, and customer-centric solutions, both companies are poised to drive positive change in India’s transportation sector, contributing to a cleaner and greener future.
