+
Switch Mobility Partners with Vertelo
ECONOMY & POLICY

Switch Mobility Partners with Vertelo

Switch Mobility Automotive Ltd, a subsidiary of Ashok Leyland and part of the Hinduja Group, has partnered with Vertelo to deploy 1,000 electric commercial vehicles (eCVs) across India over the next 3-5 years. The collaboration aims to overcome the barriers of high upfront costs and enable businesses and municipalities to adopt sustainable transportation solutions.

Key Highlights
Scope: Deployment of 1,000 electric buses and electric light commercial vehicles (eLCVs).

Timeline: 3-5 years.
Model: Vertelo will lease and fund Switch’s advanced eCVs, ensuring accessibility for diverse sectors.

Significance
Sustainable Transition:
The partnership provides a cost-effective avenue for businesses and municipalities to embrace electric vehicles, critical for advancing India’s clean transportation goals.

Overcoming Financial Barriers: Vertelo’s leasing model eliminates the high upfront costs traditionally associated with EV adoption, empowering businesses of varying scales. EV Technology Integration: Switch’s advanced EV technology ensures efficient and eco-friendly vehicles tailored to market needs. Leadership Perspectives

Mahesh Babu, CEO, Switch Mobility:
"This partnership combines our cutting-edge EV technology with Vertelo’s innovative leasing model, enabling businesses to adopt sustainable transport solutions without capital constraints."

Sandeep Gambhir, CEO, Vertelo:
"By addressing cost and operational concerns, we’re democratizing access to India’s electric revolution for businesses of all sizes."

Broader Implications
The collaboration aligns with India’s push for clean energy solutions in transportation. By easing the transition to electric mobility, the partnership sets a benchmark for public-private synergies in advancing the electric vehicle ecosystem. Switch Mobility continues to expand its impact on India’s green transport revolution, supporting the nation’s goal to reduce carbon emissions and enhance sustainable infrastructure.

Switch Mobility Automotive Ltd, a subsidiary of Ashok Leyland and part of the Hinduja Group, has partnered with Vertelo to deploy 1,000 electric commercial vehicles (eCVs) across India over the next 3-5 years. The collaboration aims to overcome the barriers of high upfront costs and enable businesses and municipalities to adopt sustainable transportation solutions. Key Highlights Scope: Deployment of 1,000 electric buses and electric light commercial vehicles (eLCVs). Timeline: 3-5 years. Model: Vertelo will lease and fund Switch’s advanced eCVs, ensuring accessibility for diverse sectors. Significance Sustainable Transition: The partnership provides a cost-effective avenue for businesses and municipalities to embrace electric vehicles, critical for advancing India’s clean transportation goals. Overcoming Financial Barriers: Vertelo’s leasing model eliminates the high upfront costs traditionally associated with EV adoption, empowering businesses of varying scales. EV Technology Integration: Switch’s advanced EV technology ensures efficient and eco-friendly vehicles tailored to market needs. Leadership Perspectives Mahesh Babu, CEO, Switch Mobility: This partnership combines our cutting-edge EV technology with Vertelo’s innovative leasing model, enabling businesses to adopt sustainable transport solutions without capital constraints. Sandeep Gambhir, CEO, Vertelo: By addressing cost and operational concerns, we’re democratizing access to India’s electric revolution for businesses of all sizes. Broader Implications The collaboration aligns with India’s push for clean energy solutions in transportation. By easing the transition to electric mobility, the partnership sets a benchmark for public-private synergies in advancing the electric vehicle ecosystem. Switch Mobility continues to expand its impact on India’s green transport revolution, supporting the nation’s goal to reduce carbon emissions and enhance sustainable infrastructure.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code