SWITCH Mobility, a global electric bus and LCV manufacturer from the Hinduja Group and a subsidiary of Ashok Leyland, has signed an MoU with Vertelo to deploy 1,000 electric vehicles across India within the next 3-5 years. The partnership, announced in Chennai, emphasizes SWITCH’s commitment to advancing sustainable transportation in India.
Strategic Collaboration
- Mahesh Babu, CEO of SWITCH Mobility, highlighted the MoU’s transformative impact:
“By combining SWITCH’s advanced EV technology with Vertelo’s innovative leasing solutions, we’re enabling businesses to adopt electric mobility without capital constraints, fostering a sustainable commercial mobility ecosystem.” - Sandeep Gambhir, CEO of Vertelo, added:
“This alliance removes barriers like high upfront costs and operational uncertainties, empowering businesses of all sizes to participate in India’s electric revolution.”
Shared Goals
The partnership will integrate SWITCH’s electric light commercial vehicles (eLCVs) and electric buses into Vertelo’s leasing ecosystem, addressing critical challenges such as:
- Climate change
- Air pollution
- Urban congestion
Key Highlights
- Flexible Leasing Solutions: Vertelo will lease and fund SWITCH’s electric vehicles, enabling businesses and municipalities to adopt sustainable mobility.
- Sustainability Commitment: The collaboration supports SWITCH’s leadership in EV innovation and reinforces Vertelo’s role as a trusted enabler of electric mobility.
Together, SWITCH Mobility and Vertelo aim to redefine the commercial transportation landscape, driving eco-friendly mobility solutions for businesses and urban communities across India.