In a strategic move to boost electric commercial vehicle adoption in India, Tata Capital Limited, the flagship financial services arm of the Tata Group, has signed a Memorandum of Understanding (MoU) with Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons Limited. The collaboration aims to provide flexible financing solutions for JEM’s range of electric light commercial vehicles (e-LCVs), making sustainable transport more accessible to businesses across the country.
Simplifying EV Ownership for Businesses
The partnership is designed to simplify vehicle acquisition for fleet operators and small businesses, ensuring a seamless transition to clean and efficient mobility solutions. By offering tailored financial products, Tata Capital strengthens its role as a comprehensive mobility financier catering to both conventional and electric vehicle segments.
“At Tata Capital, we aim to play an integral role in India’s EV adoption journey. By extending our financing solutions to JEM’s range of e-LCVs, our larger endeavour is to make it easier for businesses to access sustainable mobility at scale,” said Neeraj Dhawan, Chief Operating Officer – Motor Finance Business & DSMG, Tata Capital Limited.
JEM’s Electric Light Commercial Vehicles
Jupiter Electric Mobility manufactures the flagship ‘Tez’ platform, a long-range electric light commercial vehicle designed for last-mile and middle-mile logistics. The Tez platform delivers:
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Approximate real-world range of 200 km per charge
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Load capacity up to 1.5 tonnes
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In-house battery technology with robust warranties
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Efficient performance optimized for commercial operations
“With Tata Capital stepping in as a reliable financier, our customers can integrate e-LCVs into their operations more easily while transitioning to cleaner, more efficient logistics,” said Gaurav Jalota, CEO, Jupiter Electric Mobility.
Driving India’s Sustainable Logistics Future
The collaboration marks a major step toward mainstreaming electric logistics in India, offering businesses financial accessibility alongside advanced e-LCV technology. By facilitating the adoption of electric vehicles in the commercial sector, the partnership supports India’s clean energy transition and promotes sustainable mobility solutions for last-mile and middle-mile operations.
This initiative aligns with India’s broader vision of reducing carbon emissions, enhancing fleet efficiency, and driving green commercial transportation adoption. The partnership underscores the growing role of financial services in accelerating the EV ecosystem, enabling businesses to embrace electric mobility with confidence.
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