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Switch Mobility partners with Vertelo to deploy 1,000 EVs across India in 3-5 years, promoting sustainable transportation through advanced EVs and flexible leasing solutions.
Date: November 27, 2024
Chandigarh- Switch Mobility Automotive Ltd., a manufacturer of electric buses and light commercial vehicles, part of the Hinduja Group and Ashok Leyland’s electric vehicle arm, has signed an MoU with Vertelo to deploy 1,000 electric vehicles across India within 3-5 years. The partnership, announced in Chennai, aims to accelerate sustainable transportation by integrating Switch's electric buses and eLCVs into Vertelo’s leasing ecosystem. Partnership aims to redefine the commercial transportation landscape, fostering eco-friendly mobility solutions for businesses and urban communities alike.
Mr. Mahesh Babu, CEO, SWITCH Mobility said, “This collaboration represents a pivotal shift in India’s commercial mobility landscape. By combining our advanced EV technology with Vertelo’s innovative leasing solutions, we’re not just selling vehicles – we’re enabling businesses to embrace sustainable transportation without capital constraints. This aligns perfectly with our vision of democratizing electric mobility across India’s diverse commercial sectors.”
Mr. Sandeep Gambhir, CEO, Vertelo, said, “Our alliance with SWITCH Mobility marks a transformative approach to commercial fleet electrification. By removing the traditional barriers of high upfront costs and operational uncertainties, we’re empowering businesses of all sizes to participate in India’s electric revolution. This partnership goes beyond vehicle deployment – it’s about creating a sustainable ecosystem that makes electric mobility the obvious choice for commercial operators.”
As part of this partnership, Vertelo will lease and fund Switch Mobility's advanced electric buses and eLCVs, enabling businesses and municipalities to transition to sustainable transportation. This MoU underscores Switch Mobility’s leadership and innovation in the EV sector while highlighting Vertelo’s role as a trusted provider of flexible leasing solutions for EV adoption.
