Switch Mobility has partnered with Vertelo, an energy solutions provider, to promote the adoption of electric vehicles (EVs) in India.
The agreement, established through a Memorandum of Understanding (MoU), is to deploy 1,000 electric vehicles (eCVs) across the country over the next three to five years.
Under the agreement, Vertelo will lease and finance Switch Mobility’s high-end electric buses and eLCVs.
This leads businesses and municipalities in India to switch to electric vehicles.
Switch Mobility CEO Mahesh Babu said on the platform X: “This partnership represents a major shift in the business landscape in India. By combining our advanced EV technology with Vertelo’s leasing solutions, we’re not just selling cars – we’re helping businesses adopt sustainable mobility without financial constraints.”
“This aligns well with our vision of democratizing electricity in various sectors of the Indian economy.”
The partnership aims to tackle air pollution, climate change, and urban congestion by adding Switch Mobility’s eLCVs and buses to Vertelo’s rental network.
Vertelo CEO Sandeep Gambhir said: “Our partnership with SWITCH Mobility is a game-changer in the electrification of commercial vehicles. By removing the traditional barriers of high cost and operational uncertainty, we are empowering businesses of all sizes to participate in India’s electrification revolution.”
“This partnership extends beyond the delivery of vehicles – creating a sustainable ecosystem that makes electric mobility the obvious choice for retailers.”
“Switch Mobility Partners and Vertelo for EV adoption in India” was created and published by Bus Autothe GlobalData type.
The information on this site has been compiled in good faith for informational purposes only. We do not intend it to be advice on which you should rely, and we make no representation, warranty or guarantee, either express or implied as to its accuracy or completeness. You should obtain professional or expert advice before taking, or avoiding, any action based on the content of our website.
Leave a Reply