Latest news with #Vertelo
Mint
17-07-2025
- Business
- Mint
India's green infra surge could spark export wave, says Macquarie's Dooley
India's rapidly expanding green energy infrastructure—particularly in renewable power, battery storage, and electric mobility—has the potential to be exported as globalcompanies look for alternatives, according to Mark Dooley, global head of Macquarie Asset Management Green Investments, Macquarie Group. Indian firms could, thus, be supplying next-generation green technologies to international markets grappling with inflation and supply chain pressures, he said. 'One thing that was already clear to me is the potential of the industrial capability here to be outbound," Dooley said in an interview with the Mint. 'There is a huge investment agenda happening domestically. And you've got the industrial capacity to deliver that. That same capacity can become exportable." Macquarie would like to own buses on long-dated leases, wind farms, solar farms, utility-scale storage, charging assets, Dooley said. However, these assets are typically early-stage in India compared to more mature global markets, though the potential for growth is tremendous, he said. 'In the next two to three years, we'll see wild growth," Dooley said. 'And the industrial players we're speaking to are not just excited about the Indian market—they're thinking about exports too." 'You deploy at scale here—electric vehicles, charging units, battery storage—then you've got thousands of charging units, with real-world performance data," Dooley said. 'You can say: 'Look! This works. And we can do it at this price.' Why wouldn't Australia want it? Or Southeast Asia? Or Europe?," he added. India's aims to achieve 500 gigawatt of non-fossil-based energy capacity by 2030, covering renewables like solar, wind, biomass, and small hydro power, alongside nuclear and large hydro power. The country currently has a total non-fossil capacity of 242.8GW, half of the total installed power capacity of 484.8GW, the Union ministry of new and renewable energy said on 14 July. A green transition According to Dooley, there's a global hunger for well-priced, scalable supply of green energy. 'Inflation has made deployment more expensive. But if Indian industry can bring scale and efficiency to bear, it could reinvigorate the global supply chain—especially for emerging asset classes," he said. Over the past 15 years, Macquarie has invested about $4.2 billion of equity in India. Of this, around $1.1 billion is in green investments such as in Vibrant Energy and Blue Leaf, said Abhishek Poddar, India country head at Macquarie Group. 'Separately, we have stated that we intend to double down on our EV financing platform, Vertelo, where we intend to deploy over $1.5 billion over 10 years," Poddar added. Several other global infrastructure funds have also ramped up their green energy exposure in India. Brookfield Asset Management, KKR, Actis, and Global Infrastructure Partners have deployed capital in renewable power projects, including solar parks, wind farms, and emerging battery storage ventures. Last year, Brookfield, for instance, invested over $200 million in Tamil Nadu-based renewable energy company Leap Green Energy, with an option to infuse $350 million more in the future. Meanwhile, globally, Macquarie has been focussed on energy transition, moving from established assets in wind and solar into next generation technologies such as big-scale battery storage, sustainable aviation fuel, mobility solutions, carbon capture, biomethane, hydrogen and other segments. 'Vertelo is supported by that strategy," Dooley said.
India Today
15-05-2025
- Automotive
- India Today
Tata partners with Vertelo to offer leasing solutions for electric commercial vehicles
Tata Motors has signed a Memorandum of Understanding (MoU) with Vertelo, an electric mobility solutions provider, to offer customised leasing options for electric commercial vehicles (e-CVs) across collaboration aims to make Tata Motors' entire electric commercial vehicle portfolio more accessible to fleet owners, facilitating a smoother transition to sustainable Kaul, Vice President and Business Head – Trucks, Tata Motors Commercial Vehicles, highlighted the company's commitment to expanding electric mobility. He said, 'Tata Motors is committed to democratising electric mobility, ensuring that accessibility to sustainable transportation solutions is extended to all customers. This partnership with Vertelo marks a significant milestone in that journey, enabling broader access to our advanced electric commercial vehicles. Through such collaborations, we are not just accelerating the adoption of sustainable transport solutions but also contributing to the development of a robust EV ecosystem in India.'advertisementSandeep Gambhir, CEO of Vertelo, expressed enthusiasm about the alliance, stating, 'We are delighted to join hands with Tata Motors in accelerating EV adoption across a wide range of electric commercial vehicles, including buses, trucks and mini-trucks. This partnership will facilitate bespoke leasing solutions and facilitate the creation of a sustainable ecosystem that makes electric mobility the natural choice for commercial fleet operators. This collaboration will enable Tata Motors and Vertelo to accelerate the adoption of electric commercial vehicles and create eco-friendly mobility solutions at scale.'Tata Motors' commercial electric vehicle lineup includes the Tata Ace EV for last-mile delivery, Tata Ultra and Tata Starbus for mass mobility, and models such as the Tata Prima E.55S and Tata Ultra E.12 trucks, along with several electric to Auto Today Magazine
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Business Standard
15-05-2025
- Automotive
- Business Standard
Tata Motors ties up with Vertelo to offer leasing for electric CVs
Tata Motors on Thursday said it has partnered with electric mobility solutions provider, Vertelo for customised leasing solutions for electric commercial vehicles and to help fleet owners transition to sustainable mobility. The two companies have signed a Memorandum of Understanding (MoU) to offer attractive leasing solutions applicable to the entire Tata Motors electric commercial vehicle portfolio, Tata Motors said in a statement. This partnership with Vertelo marks a significant milestone in the journey to democratise electric mobility, ensuring that accessibility to sustainable transportation solutions is extended to all customers, enabling broader access to the company's advanced electric commercial vehicles. Tata Motors Commercial Vehicles, Vice President & Business Head Trucks, Rajesh Kaul said. "Through such collaborations, we are not just accelerating the adoption of sustainable transport solutions but also contributing to the development of a robust EV ecosystem in India," he added. Vertelo CEO Sandeep Gambhir said the partnership will accelerate EV adoption across a wide range of electric commercial vehicles including buses, trucks and mini-trucks. "This partnership will facilitate bespoke leasing solutions of a sustainable ecosystem that makes electric mobility the natural choice for commercial fleet operators," he noted. Tata Motors offers Tata Ace EV in last-mile mobility and Tata Ultra and Tata Starbus range in mass-mobility solutions. It has also showcased Tata Prima E.55S, Tata Ultra E.12, Tata Magna EV bus, Tata Ultra EV 9 bus, Tata Intercity EV 2.0 bus, Tata Ace Pro EV and Tata Intra EV, catering to wide applications and customer requirements across product lines. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
15-05-2025
- Automotive
- Economic Times
Tata Motors partners with Vertelo for leasing solutions for electric CVs
Tata Motors on Thursday said it has partnered with electric mobility solutions provider, Vertelo for customised leasing solutions for electric commercial vehicles and to help fleet owners transition to sustainable mobility. The two companies have signed a Memorandum of Understanding (MoU) to offer attractive leasing solutions applicable to the entire Tata Motors electric commercial vehicle portfolio, Tata Motors said in a statement. This partnership with Vertelo marks a significant milestone in the journey to democratise electric mobility, ensuring that accessibility to sustainable transportation solutions is extended to all customers, enabling broader access to the company's advanced electric commercial vehicles. Tata Motors Commercial Vehicles, Vice President & Business Head - Trucks, Rajesh Kaul said. "Through such collaborations, we are not just accelerating the adoption of sustainable transport solutions but also contributing to the development of a robust EV ecosystem in India," he added. Vertelo CEO Sandeep Gambhir said the partnership will accelerate EV adoption across a wide range of electric commercial vehicles including buses, trucks and mini-trucks. "This partnership will facilitate bespoke leasing solutions of a sustainable ecosystem that makes electric mobility the natural choice for commercial fleet operators," he noted. Tata Motors offers Tata Ace EV in last-mile mobility and Tata Ultra and Tata Starbus range in mass-mobility solutions. It has also showcased Tata Prima E.55S, Tata Ultra E.12, Tata Magna EV bus, Tata Ultra EV 9 bus, Tata Intercity EV 2.0 bus, Tata Ace Pro EV and Tata Intra EV, catering to wide applications and customer requirements across product lines.
Time of India
15-05-2025
- Automotive
- Time of India
Tata Motors partners with Vertelo for leasing solutions for electric CVs
Tata Motors on Thursday said it has partnered with electric mobility solutions provider, Vertelo for customised leasing solutions for electric commercial vehicles and to help fleet owners transition to sustainable mobility . The two companies have signed a Memorandum of Understanding (MoU) to offer attractive leasing solutions applicable to the entire Tata Motors electric commercial vehicle portfolio, Tata Motors said in a statement. This partnership with Vertelo marks a significant milestone in the journey to democratise electric mobility, ensuring that accessibility to sustainable transportation solutions is extended to all customers, enabling broader access to the company's advanced electric commercial vehicles. Tata Motors Commercial Vehicles , Vice President & Business Head - Trucks, Rajesh Kaul said. "Through such collaborations, we are not just accelerating the adoption of sustainable transport solutions but also contributing to the development of a robust EV ecosystem in India," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's A List Of Cheapest Steel Suppliers (See List) Steel Suppliers | search ads Search Now Undo Vertelo CEO Sandeep Gambhir said the partnership will accelerate EV adoption across a wide range of electric commercial vehicles including buses, trucks and mini-trucks. "This partnership will facilitate bespoke leasing solutions of a sustainable ecosystem that makes electric mobility the natural choice for commercial fleet operators," he noted. Live Events Tata Motors offers Tata Ace EV in last-mile mobility and Tata Ultra and Tata Starbus range in mass-mobility solutions. It has also showcased Tata Prima E.55S, Tata Ultra E.12, Tata Magna EV bus, Tata Ultra EV 9 bus, Tata Intercity EV 2.0 bus, Tata Ace Pro EV and Tata Intra EV, catering to wide applications and customer requirements across product lines.
