Tata Motors Partners with Vertelo to Drive EV Leasing for Commercial Vehicles Across India

Tata Motors partners with Vertelo to accelerate the transition to electric mobility for commercial fleets across India.

Tata Motors has signed a Memorandum of Understanding (MoU) with Vertelo, a specialist in customized electric mobility and fleet electrification solutions.

Under this collaboration, Vertelo will offer tailored leasing options to fleet operators, making Tata Motors’ wide range of electric commercial vehicles, including trucks, mini-trucks, and buses, more accessible and financially viable.

This initiative is expected to ease the shift toward eco-friendly transport solutions while supporting customers with flexible ownership models.

Vertelo, backed by Macquarie Asset Management and a $200 million investment commitment from the Green Climate Fund, provides an integrated platform for businesses aiming to electrify their fleets efficiently.

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Why This Partnership Matters?

The partnership between Tata Motors and Vertelo addresses one of the biggest challenges in EV adoption – high upfront vehicle costs.

By offering customized leasing solutions, the model allows fleet operators to transition to electric commercial vehicles without heavy initial investments.

This makes EV ownership more affordable and manageable, especially for small and medium-sized businesses. As a result, the initiative is expected to accelerate the shift to sustainable mobility across India’s transport sector.

As Tata Motors partners with Vertelo, the focus is on enabling mass adoption of electric commercial vehicles through affordability, convenience, and technology-driven services.

About Vertelo

Vertelo is a fleet electrification platform that aims to provide end-to-end solutions to operators and corporates, helping them accelerate the transition to electric vehicles.

The company aims at building a robust EV ecosystem to help this transition, offering its customers bespoke solutions including leasing and financing, charging infrastructure and energy solutions, fleet management services, and end-of-vehicle life management.

Vertelo has been established and managed by Macquarie Asset Management and has received anchor investment from the Green Climate Fund, which has committed to invest up to $US200 million.