(20 second reading) Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., has signed a non-binding Memorandum of Understanding with Vertelo for the delivery of 2,000 XPRES-T EVs. Tata Motors’ Electric Vehicle (EV) arm will begin deliveries of the cars to Vertelo in a phased manner.
Early this week, Macquarie Group announced the introduction of $1.5-billion Electric Vehicle (EV) financing platform named Vertelo, which will offer financing, fleet management and charging infrastructure solutions
Sandeep Gambhir, Chief Executive Officer, Vertelo stated that this partnership aims to bring together two business that are at the forefront of fleet electrification and decarbonisation in India.