SWITCH Mobility, a subsidiary of Ashok Leyland, has signed a Memorandum of Understanding (MoU) with electric mobility solutions provider Vertelo to accelerate adoption of electric vehicles in India. The partnership aims to deploy 1,000 electric commercial vehicles (eLCVs and buses) over the next three to five years, fostering sustainable and decarbonised commercial transportation.
The collaboration was formalised at an event in Chennai, underscoring the shared commitment of both organisations to tackle pressing challenges such as climate change, urban congestion, and air pollution. SWITCH will provide its advanced EV technology, while Vertelo will lease and fund these vehicles, simplifying the transition to fleet electrification for businesses and municipalities across India.
Mahesh Babu, CEO of 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,” he said. He added that the partnership aligns perfectly with SWITCH’s vision of democratising electric mobility across India's diverse commercial sectors.
The partnership focuses on reducing traditional barriers to EV adoption, particularly high upfront costs and operational uncertainties. Vertelo’s leasing model will ensure businesses of all sizes can participate in India’s growing EV revolution without financial strain.
Sandeep Gambhir, CEO of Vertelo, said, “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, he further said.
The deployment of these vehicles is expected to significantly contribute to India’s environmental and urban mobility goals, setting a benchmark for sustainable commercial transportation.