Macquarie Group launches EV financing platform Vertelo in India, targeting 95% investment in commercial fleet electrification.
Australia's Macquarie Group launched an EV financing platform, Vertelo, for India, aiming to invest 95% of its $1.5bn into electrifying commercial vehicle fleets. The platform will provide financing, fleet management, and charging infrastructure solutions, with the remaining 5% for charging infrastructure and other needs. Macquarie's focus on fleet electrification comes as global EV sales slow down and carmakers resort to discounts to boost demand.
April 22, 2024
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