Macquarie Asset Management Bags $405 Mn For Indian EV Platform Vertelo

Macquarie Asset Management has raised $405 Mn for its fleet electrification platform Vertelo, aiming to foster India’s expanding EV market

The funding includes $205 Mn from institutional investors and $200 Mn in concessional capital from its anchor investor Green Climate Fund

Vertelo offers vehicle leasing, financing, charging infrastructure and other solutions to help operators, working with OEMs such as Tata Motors, MG Motors among others

Macquarie Asset Management has raised $405 Mn (around INR 3,542 Cr) for