Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India.
The company aims to accelerate the transition of fleets to EVs and build an ecosystem by offering leasing, financing, charging infrastructure, fleet management services and end of vehicle life management.
Green Climate Fund, the world’s largest dedicated climate fund with a portfolio of $13.9 billion, has made an anchor investment of $200 million into Vertelo. Another $200 million will be invested by MAM.
