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MG and Vertelo sign MoU for 3000 EVs

MG today announced that it 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.

Chethan Thimmappa by Chethan Thimmappa
May 23, 2024
in Cars, MG
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MG (Morris Garages), a British automobile brand with a 100-year-old legacy, today announced that it 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. Focused on providing the sustainable mobility solutions to riders, the partnership will also work towards establishing a robust EV charging infrastructure in the country.

Gaurav Gupta, Chief Growth Officer, MG India, said,

“MG is constantly working towards offering electric mobility solutions and strengthening the EV infrastructure. This partnership between MG India and Vertelo demonstrates a shared vision for a green and sustainable future with decarbonisation in India. We also believe that this collaboration will augment our endeavours to offer advanced e-mobility solutions for passengers and boost the faster adoption of EVs in the country.”

Commenting on the partnership, Sandeep Gambhir, Chief Executive Officer, Vertelo stated that “This partnership with MG Motor India to purchase around 3,000 electric cars, marks the beginning of an exciting journey for both organisations with a common goal of accelerating fleet electrification and achieving Net-zero emissions. We are really excited about this partnership, and we hope that the exciting range of electric vehicles that MG Motor plans to bring in India over the next few years coupled with Vertelo’s integrated electrification solutions for fleet operators & corporates will go a long way in accelerating the shift towards a more sustainable transportation ecosystem.”

MG’s vehicles highlight its leadership in auto-tech, consistently pioneering the introduction of futuristic solutions to its customers. Its current EV lineup includes the MG Comet—the Smart EV, a practical urban mobility solution. Additionally, the ZS EV, India’s first pure-electric internet SUV, provides a spacious and luxurious in-cabin experience, making it a comfortable and lucrative mobility choice.

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. The company is also working closely with Glida, TPCL, BPCL, Jio-bp, Zeon, and ChargeZone for setting up EV charging infrastructure, and with Attero and Lohum for battery recycling, reuse, and life extension. Notably, the recent partnership with Shoonya – Zero Pollution Mobility campaign, led by NITI Aayog, underscores MG Motor India’s commitment to promoting electric vehicles.

Highlights

  • Partnership to accelerate green and sustainable mobility solutions
  • MG to deliver 3,000 EVs to Vertelo for its fleet
  • Both entities commit to jointly expand EV charging infrastructure

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Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to [email protected] for any enquiries.

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