New Delhi, April 23 -- Australias diversified financial group Macquarie has made its foray into the Indian market with the launch of its electric vehicle (EV) financing and comprehensive solutions platform, Vertelo.
With a substantial commitment of USD 1.5 billion, Vertelo aims to accelerate the electrification of fleets, primarily focusing on buses and cars.
Notably, approximately 95 per cent of this investment will be directed towards electrifying commercial vehicles.
Vertelo's offerings encompass a range of services including financing, fleet management, and charging infrastructure solutions, underscoring its holistic approach towards facilitating the transition to electric mobility.
A noteworthy aspect of this investment is that...