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While 95 percent of its $1.5 billion investment will focus on electrifying fleets of commercial vehicles, the remaining 5 percent of investment will go towards charging infrastructure and other requirements.
Australia's Macquarie Group launched on Monday an EV financing platform for India that will focus 95% of its $1.5 billion investment on electrifying fleets of commercial vehicles. The...
Australia's Macquarie Asset Management plans to invest $1.5 billion in India's 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 as a step towards India's energy independence and combating climate change.
There is also a strong likelihood that the Auto Expo, which is held once every two years, might be merged into the wider umbrella of the Mobility Expo
Homegrown EV and EV component makers such as Switch Mobility, EKA Mobility, GreenCell and ARENQ are anticipating the talent to reach as high as 200%. This is leading companies such as Tata Motors, the countrys largest EV maker, to tap entry-level talent from technical colleges and lateral talent from automotive and related industries.