Tata Capital Partners with Jupiter Electric Mobility for EV Financing

Tata Capital Limited has entered into a strategic partnership with Jupiter Electric Mobility (JEM) to offer financing solutions for electric light commercial vehicles (e-LCVs), marking another step in India's transition toward sustainable transportation.

The Memorandum of Understanding (MoU) signed between the two companies will enable JEM customers to access convenient financing options for their e-LCV purchases. Tata Capital, the flagship financial services company of the Tata Group, aims to strengthen its position as a comprehensive vehicle financier across various mobility segments through this collaboration.

Neeraj Dhawan, Chief Operating Officer for Motor Finance Business at Tata Capital Limited, emphasized the company's commitment to supporting India's EV adoption. "By extending our financing solutions to JEM's range of e-LCVs, our larger endeavour is to make it easier for businesses to access sustainable mobility at scale," he stated.

Jupiter Electric Mobility, a subsidiary of Jupiter Wagons Limited, has been experiencing growing demand for electric mobility solutions, particularly from small fleet operators. Gaurav Jalota, CEO of JEM, noted that the partnership with Tata Capital would facilitate easier access to e-LCVs for businesses transitioning to cleaner logistics operations.

JEM operates as a prominent player in India's sustainable mobility ecosystem. The company's e-Trucks Division manufactures long-range electric trucks designed for last-mile and middle-mile applications, supported by proprietary battery technology. Its flagship platform, Tez, offers a real-world range of approximately 200 kilometers with a load capacity of up to 1.5 tonnes, backed by comprehensive battery warranties.

Tata Capital Limited serves retail, housing, SME, and corporate customers through a pan-India network of over 1,500 branches. The company's portfolio includes consumer finance, housing finance, commercial finance, cleantech finance, microfinance, debt syndication, private equity, and credit cards.

The partnership reflects the broader push toward electrification in India's commercial vehicle segment, where financing accessibility remains a critical factor in accelerating adoption rates among businesses and fleet operators.