Tata Passenger Electric Mobility signs an MOU with Vertelo to accelerate e-mobility in India

Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., known for pioneering India’s electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of 2,000 XPRES-T EVs. This partnership aims to bolster the plans to accelerate India’s transition to sustainable e-mobility. The company will begin deliveries of the cars to Vertelo in a phased manner.

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

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Macquarie Asset Management launches Vertelo, a new $US 1.5 billion EV fleet solutions platform