A Memorandum of Understanding (MoU) has been struck by the two businesses to provide all of Tata Motors’ electric commercial vehicle fleet with appealing lease options.
On Thursday, Tata Motors announced that it has teamed up with Vertelo, a developer of electric mobility solutions, to provide fleet owners specialised lease options for electric commercial vehicles and to support their shift to sustainable mobility.
According to a statement released by Tata Motors, the two businesses have inked a Memorandum of Understanding (MoU) to provide all of its electric commercial vehicle portfolio with appealing leasing options.
This collaboration with Vertelo represents a critical turning point in the effort to democratise electric mobility by guaranteeing that all clients have access to sustainable transportation options and expanding the company’s fleet of cutting-edge electric commercial vehicles. Rajesh Kaul, Vice President & Business Head of Trucks at Tata Motors Commercial Vehicles, stated.
“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 stated.
According to Sandeep Gambhir, CEO of Vertelo, the collaboration would hasten the adoption of EVs in a variety of electric commercial vehicles, such as buses, trucks, and mini-trucks.
“This partnership will facilitate bespoke leasing solutions and…creation of a sustainable ecosystem that makes electric mobility the natural choice for commercial fleet operators,” he stated.
Tata Motors provides mass-mobility solutions with the Tata Ultra and Tata Starbus series and last-mile mobility with the Tata Ace EV. Along with meeting a variety of customer needs and applications across product lines, it has also featured the 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.