MG Motor India signs pact with Vertelo to deliver 3,000 EVs

MG Motor India signs pact with Vertelo to deliver 3,000 EVs New Delhi, May 23 (PTI) MG Motor India on Thursday said it has signed an initial pact to deliver 3,000 EVs to integrated fleet electrification platform Vertelo in a phased manner.

Both the entities have signed a memorandum of understanding to this effect.

The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country, MG Motor India said in a statement.

"This partnership between MG India and Vertelo demonstrates a shared vision for a green and sustainable future with decarbonisation in India. We also believe that this collaboration will augment our endeavours to offer advanced e-mobility solutions for passengers and boost faster adoption of EVs in the country," MG Motor India Chief Growth Officer, Gaurav Gupta said.

Vertelo is a fleet electrification platform that aims at providing end-to-end solutions to operators and corporates. It has been established by Macquarie Asset Management and has received anchor investment from the Green Climate Fund which has committed to invest up to USD 200 million.

"This partnership with MG Motor India to purchase around 3,000 electric cars, marks the beginning of an exciting journey for both organisations with a common goal of accelerating fleet electrification and achieving Net-zero emissions," Vertelo CEO, Sandeep Gambhir said.

The range of electric vehicles that MG Motor plans to bring in India over the next few years coupled with Vertelo's integrated electrification solutions for fleet operators and corporates will go a long way in accelerating the shift towards a more sustainable transportation ecosystem, he added.

MG Motor India's current EV lineup includes the small electric car 'Comet' and SUV 'ZS EV'.