Switch Mobility partners with Vertelo to boost EV uptake
By RACE Innovations Pvt Ltd - 28th March 2025
SWITCH Mobility partners with Vertelo to increase electric vehicle adoption
India – Electric bus and light van builder, Switch Mobility Automotive Ltd of Bengaluru (a subsidiary of Switch Mobility Ltd of Leeds, UK, (a subsidiary of Ashok Leyland Ltd of Chennai) has signed a Memorandum of Understanding (MoU) with Muon India Pvt Ltd (brand name: Vertelo1) of Mumbai, a provider of financial solutions for adoption of electric vehicles and electric charging infrastructure in India.
The companies say the partnership aims to deploy 1,000 electric commercial vehicles (eLCVs and buses) over the next three to five years. They also state that the partnership makes a joint commitment to climate action, urban mobility, and cleaner air. It aims to reduce key barriers to EV adoption, such as high upfront costs and operational uncertainties. Switch will supply advanced EV technology, while Vertelo’s leasing model will provide affordable financing to enable businesses of all sizes to transition to electric fleets without financial strain.
