SWITCH Mobility Automotive Ltd., a global leader in electric buses and light commercial vehicles under the Hinduja Group and Ashok Leyland, has signed a strategic Memorandum of Understanding (MoU) with Vertelo to accelerate the deployment of electric vehicles (EVs) in India. The partnership, formalized at an event in Chennai, aims to roll out 1,000 electric vehicles over the next 3-5 years, underscoring SWITCH’s commitment to sustainable mobility solutions across the nation.
This collaboration focuses on integrating SWITCH Mobility’s electric buses and light commercial vehicles (eLCVs) into Vertelo’s leasing framework, addressing critical issues such as urban air pollution, congestion, and climate change. By providing cost-effective, eco-friendly alternatives for businesses and municipalities, the partnership aims to redefine India’s commercial transportation landscape.
“This partnership is a transformative step in the evolution of India’s mobility sector,” said Mahesh Babu, CEO of SWITCH Mobility. “Combining our cutting-edge EV technology with Vertelo’s innovative leasing model removes financial barriers, empowering businesses to embrace sustainable transport. This aligns seamlessly with our vision of making electric mobility accessible across India’s diverse commercial ecosystem.” Through this MoU, Vertelo will lease and finance SWITCH’s advanced electric buses and eLCVs, enabling organizations to transition to clean energy solutions without significant upfront investments.
Sandeep Gambhir, CEO of Vertelo, highlighted the broader implications of the partnership: “Our collaboration with SWITCH Mobility addresses two major challenges for fleet operators – high initial costs and operational uncertainties. Together, we are fostering a comprehensive ecosystem that makes EV adoption practical and achievable for businesses of all sizes.”
This partnership reinforces SWITCH Mobility’s reputation as a leader in EV innovation and Vertelo’s role as a key enabler of electric vehicle adoption in India. By making EV solutions accessible and affordable, the collaboration sets the stage for a greener, more sustainable future in India’s commercial mobility sector.
Vertelo is an emerging player in the clean energy and sustainable mobility sector, dedicated to providing innovative solutions for reducing carbon emissions. The company specializes in developing advanced technologies that cater to renewable energy integration, electric mobility infrastructure, and energy storage systems.
By leveraging data-driven insights and smart technologies, Vertelo focuses on creating efficient, eco-friendly systems for urban and industrial applications. With a commitment to sustainability and innovation, Vertelo aims to empower communities and industries to transition toward a greener, more sustainable future.
SWITCH Mobility is a next-generation electric vehicle (EV) manufacturer committed to advancing sustainable urban transportation solutions. As a subsidiary of the Ashok Leyland Group, SWITCH focuses on the design and production of electric buses and light commercial vehicles.
With a vision of creating a carbon-neutral world, the company integrates cutting-edge technology with innovative design to deliver vehicles that are environmentally friendly, energy-efficient, and cost-effective. SWITCH Mobility is a pioneer in zero-emission mobility solutions, aiming to redefine the future of urban transit while contributing to global efforts toward climate change mitigation.
