EV loans to chargers: Oz financial company Macquarie to invest $1.5 billion

MUMBAI: Australian financial services giant Macquarie will build electric vehicle charging stations, extend e-vehicle loans, provide fleet management services and offer scrapping solutions. It will foray into these areas through its just launched e-mobility platform called Vertelo.

This platform, unique to Macquarie India, which is more known as an M&A adviser, plans to invest $1.5 billion in the country, making this the Sydney-based firm’s major investment in Asia’s third-largest economy.

The move comes as India steps up efforts to attract investments while transitioning to a green ecosystem.