Global investment giant Macquarie Group has announced the successful fundraising of $405 million for its new electric vehicle (EV) leasing platform in India, marking a major step toward accelerating clean mobility in the country.
The platform, which is expected to become one of the largest of its kind in India, aims to finance and lease electric cars, two-wheelers, and commercial vehicles to fleet operators, logistics companies, and businesses. This move comes as India intensifies its efforts to meet ambitious EV adoption goals under its green mobility mission.
According to industry insiders, the leasing model is expected to significantly lower the upfront cost barrier for businesses and individuals, making EV adoption more accessible and practical. By providing structured leasing solutions, Macquarie hopes to support both urban logistics companies and last-mile delivery operators who are increasingly turning toward electric fleets.
India’s EV market has seen rapid growth in recent years, supported by government incentives, stricter emission regulations, and rising fuel costs. However, the high cost of EV ownership remains a key challenge. Analysts believe Macquarie’s entry into the leasing segment could help bridge this gap and accelerate EV penetration across the country.
Macquarie has been actively investing in clean energy and infrastructure projects globally, and the new EV leasing platform further strengthens its commitment to sustainable mobility solutions in emerging markets like India.
With this fundraising, the platform is expected to begin operations in the coming months, targeting partnerships with EV manufacturers, charging infrastructure providers, and logistics players. Industry experts say the initiative could become a model for financing EV adoption in other fast-growing markets.