Tata Passenger Electric Mobility Ltd. (TPEM), a trailblazer in India’s electric vehicle (EV) landscape, has inked a landmark Memorandum of Understanding (MOU) with Vertelo, a pioneering fleet electrification platform managed by Macquarie, to deliver 2,000 XPRES-T EVs. This collaboration marks a significant stride towards expediting India’s transition to sustainable e-mobility.Under the terms of the agreement, TPEM will commence phased deliveries of the XPRES-T EVs to Vertelo, fortifying efforts to accelerate the adoption of electric vehicles across the nation.
Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd., expressed enthusiasm about the partnership, affirming the commitment to promoting sustainable mobility in India. He highlighted the XPRES-T EV’s appeal in the commercial fleet segment, citing its popularity among customers and operators alike.Sandeep Gambhir, CEO of Vertelo, echoed Srivatsa’s sentiments, emphasizing the strategic significance of the collaboration in advancing fleet electrification and decarbonization initiatives in India. He underscored the partnership’s aim to facilitate the transition towards a more sustainable future through tailored leasing options for fleet operators.
Launched in July 2021, the XPRES-T EV, the flagship model under Tata’s ‘XPRES’ brand, offers two range options and rapid charging capabilities, making it a compelling choice for fleet operators seeking eco-friendly alternatives. With zero tailpipe emissions and advanced safety features, including dual airbags and ABS with EBD, the XPRES-T EV sets a new standard for sustainable transportation.Vertelo, backed by Macquarie Asset Management and the Green Climate Fund, is committed to investing $US1.5 billion over the next decade to accelerate fleet electrification efforts and mitigate greenhouse gas emissions.
