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electric vehicles: Macquarie to invest $1.5 billion in EV sector through Vertelo

Australias Macquarie Asset Management plans to invest $1.5 billion in Indias electric vehicle sector through its new platform Vertelo, offering fleet electrification solutions. The platform, backed by the Green Climate Fund, aims to reduce greenhouse gas emissions by 9.5 metric tonnes. Vertelo has already secured agreements with companies like Chalo Mobility, JBM, Eka Mobility, and Tata Motors to supply electric vehicles and develop charging infrastructure. Macquarie Group sees this investment a...
Abhishek Poddar Macquarie Group Tata Motors Green Climate Fund Australia Macquarie Group Macquarie Asset Management

Legacy companies in the mobility space are tying up with and even acquiring young startups to travel into the future, ET Auto

Legacy companies like Mahindra and Mahindra, Hero MotoCorp, and Gulf Oil are collaborating with startups such as Ather Energy, Charge+Zone, and Tirex to explore opportunities in the mobility space. These collaborations aim to leverage synergies in electric vehicle (EV) and ecommerce sectors. Mahindra has partnered with Charge+Zone and Statiq to develop an extensive network of EV charging stations. Hero MotoCorp has joined forces with Ather Energy to create an interoperable fast-charging network....
Ather Energy Gulf Oil Hero Motocorp Tirex Transmission Mobility Space Rpg Enterprises

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