MG and Vertelo sign MoU for 3000 EVs

MG has inked an MoU with Vertelo, a Macquarie-managed integrated fleet electrification platform, funded by Green Climate Fund. This partnership includes the delivery of 3,000 MG electric vehicles to Vertelo in a phased manner.

It will also work towards establishing a robust EV charging infrastructure in the country.

Gaurav Gupta, Chief Growth Officer, MG India, said, “This partnership between MG India and Vertelo demonstrates a shared vision for a green and sustainable future with decarbonisation in India.”

Sandeep Gambhir, Chief Executive Officer, Vertelo noted that the partnership marks the "This partnership with MG Motor India to purchase around 3,000 electric cars, marks the beginning of a journey for both organisations with a common goal of accelerating fleet electrification and achieving Net-zero emissions.”

MG India has been instrumental in establishing a robust EV charging infrastructure with its ecosystem partners – Exicom Telesystems, ElectreeFi, EchargerBays, Ionage, Statiq, Epsilon & Highway Delite and deployed 7.4kW chargers, averaging one installation per day, covering approximately 50 major cities, as per the press release.