By Priya Singh
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Updated On: 26-Nov-2024 01:07 PM
SWITCH will offer its advanced EV technology, while Vertelo will provide leasing and funding options.
Key Highlights:
SWITCH Mobility, a subsidiary of Ashok Leyland, has joined hands with Vertelo, an electric mobility solutions provider, to promote the use of electric vehicles (EVs) in India. The two companies have signed a Memorandum of Understanding (MoU) to deploy 1,000 electric commercial vehicles, including eLCVs and buses, over the next three to five years.
Focus of the Partnership
This collaboration aims to address challenges like climate change, urban congestion, and air pollution. SWITCH will offer its advanced EV technology, while Vertelo will provide leasing and funding options, making it easier for businesses and municipalities to transition to electric fleets.
Key Highlights
Statements from the Leaders
Mahesh Babu, CEO of SWITCH Mobility, emphasized the significance of the partnership, stating, “We’re enabling businesses to embrace sustainable transportation without capital constraints.” He highlighted the goal of making electric mobility accessible across diverse commercial sectors in India.
Sandeep Gambhir, CEO of Vertelo, pointed out the importance of reducing financial and operational challenges, stating, “This partnership is about creating a sustainable ecosystem that makes electric mobility the obvious choice for commercial operators.”
Impact on Urban Mobility
The deployment of these vehicles is expected to align with India’s environmental and urban transportation goals. It sets a new standard for sustainable commercial transportation in the country.
About Switch Mobility
Switch Mobility, previously called Optare until 2020, is a bus manufacturing company based in Sherburn-in-Elmet, North Yorkshire, UK. It operates as a subsidiary of the Indian company Ashok Leyland.
Switch Mobility leads the electric vehicle (EV) initiatives of the Ashok Leyland group. While Switch focuses on EVs, Ashok Leyland continues its work on diesel-powered vehicles and alternative fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), and hydrogen.
Subsidiaries of Switch Mobility
Switch Mobility Automotive Ltd: This subsidiary combines Ashok Leyland’s EV operations in India with the technical expertise of Switch Mobility’s UK-based bus division.
OHM Global Mobility Private Ltd: This company offers Mobility as a Service (eMaaS) solutions in India, supporting efficient and sustainable transport systems.
Also Read: Ashok Leyland’s Electric Vehicle Unit Switch Mobility Aims for Break-Even in India by Year-End
CMV360 Says
The partnership between SWITCH Mobility and Vertelo is a practical move to encourage electric vehicle adoption in India. Making EVs accessible through leasing options will help businesses overcome cost challenges. It’s a step that could support commercial operators in transitioning to cleaner transportation solutions.