Mumbai, May 15, 2025: The leasing process for electric vehicles (EVs) intended for commercial fleets has been significantly simplified following the signing of a Memorandum of Understanding (MoU) between Tata Motors and Vertelo, an EV financing and leasing firm.
Vertelo, which provides flexible leasing and financing options to help reduce EV upfront costs, will provide tailored leasing solutions for Tata Motors’ entire range of electric commercial vehicles, assisting fleet owners in their transition to sustainable mobility, informed Rajesh Kaul, Vice President and Business Head – Trucks at Tata Motors Commercial Vehicles.
The company also provides charging and fleet management services, which include charging infrastructure and energy supply, EV technology performance, and fleet digitisation.
In response to the announcement, Kaul of Tata Motors said the company is committed to making electric mobility accessible to all customers, ensuring that sustainable transportation solutions are within reach.
“This collaboration with Vertelo is a critical step towards increasing access to our innovative electric commercial vehicles,” he said.
Through such collaborations, we not only promote the use of sustainable transportation solutions, but also help to build a strong EV ecosystem in India. He went on to say.
For last-mile mobility, Tata Motors offers the Tata Ace EV, while the Tata Ultra and Tata Starbus lines provide mass mobility solutions.
The company has also introduced models such as the Tata Prima E.55S, Tata Ultra E.12, Tata Magna EV bus, Tata Ultra EV 9 bus, Tata Intercity EV 2.0 bus, Tata Ace Pro EV, and Tata Intra EV to meet a diverse range of applications and customer needs across product lines.
Vertelo CEO Sandeep Gambhir expressed enthusiasm for the collaboration, saying, “We are delighted to collaborate with Tata Motors to increase the adoption of electric vehicles across a wide range of electric commercial vehicles, including buses, trucks and mini-trucks.”
This collaboration will allow for the provision of tailored leasing solutions while also promoting the creation of a sustainable ecosystem that positions electric mobility as the preferred option for commercial fleet operators.
“Tata Motors and Vertelo will collaborate to accelerate the adoption of electric commercial vehicles and create scalable, eco-friendly mobility solutions. Gambhir went on to say,
According to Tata Motors officials, the Vertelo MOU will support India’s sustainable transportation revolution as the company expands its electric CV portfolio across trucks, buses, and small commercial vehicles.
