MG Motor Inks MoU with Vertelo to Deliver 3,000 Electric Vehicles in Stages

MG Motor India offers the 41hp Comet EV with 230km range and the 177hp ZS EV with 461km range

MG Motor India announced on Thursday that it has entered into an initial agreement to provide 3,000 electric vehicles to Vertelo, an integrated fleet electrification platform, in stages. The two organizations signed a memorandum of understanding (MoU) confirming this arrangement.

According to a statement from MG Motor India, the partnership will prioritize offering eco-friendly transportation options to riders. Additionally, it will aim to develop a strong electric vehicle charging network nationwide.

MG Motor India’s Chief Growth Officer, Gaurav Gupta, expressed that the collaboration reflects a mutual commitment to a green and sustainable future, aiming for decarbonization in India. Also, he stated that this partnership will enhance their efforts in providing advanced e-mobility solutions to passengers and accelerate the adoption of EVs in the nation.

MG Comet EV showcased at an event (Source: MG Motor India)
MG Comet EV showcased at an event (Source: MG Motor India)

MG India Electric Lineup

Currently, MG Motor India offers the small Comet EV and the ZS EV in its EV lineup.

The two-door MG Comet EV with four seating capacities is one of the most affordable EVs in the market. Moreover, the compact EV now comes with a fast-charging option, with 0-100% charge in under 3.5 hours.

The ZS EV is a compact SUV with an impressive performance, generating 177hp and 280nm torque. Also, the 50.3kWh battery pack offers a remarkable range of 461km. You can charge the vehicle from a 50kW DC charger, which takes the car 1 hour to go from 0-80%.

Sandeep Gambhir, the CEO of Vertelo, expressed that the partnership with MG Motor India to acquire about 3,000 electric cars signifies the start of a promising venture for both entities. They share a common goal of accelerating the transition to electric fleets and achieving Net-zero emissions.

Furthermore, he stated that MG Motor’s upcoming range of EVs in India, coupled with Vertelo’s integrated electrification solutions for fleet operators, will contribute to accelerating the transition towards a more sustainable transportation ecosystem.

MG ZS EV's 50.3kWh battery pack offers a remarkable range of 461km (Source: MG Motor India)

About Vertelo

Vertelo is a newly established platform that provides extensive solutions for fleet electrification, focusing on the Indian market by offering end-to-end services. Additionally, the company seeks to accelerate the transition of fleets to electric vehicles and create a strong ecosystem for EVs.

Also, it intends to achieve this target by offering tailored solutions to customers, including:

  • Leasing and financing
  • Charging infrastructure and energy solutions
  • Fleet management services
  • End of vehicle life management

Established by Macquarie Asset Management, the platform has secured initial funding from the Green Climate Fund, committing a maximum of $US200 million.

Overall, Vertelo aims to allocate $US1.5 billion over 10 years, with a focus on reducing potential greenhouse gas emissions.