TPEM TO SUPPLY 2000 XPRES-T EVS
Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors has signed a non-binding memorandum of understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of 2,000 XPRES-T EVS. This partnership aims to bolster the plans to accelerate India’s transition to sustainable emobility.
The company will begin deliveries of the cars to Vertelo in a phased manner.
The partnership with Vertelo is aimed at the uptake of sustainable mobility in the country and increasing EV adoption in India. “With over 89 per cent market share in FY 24, the fleet segment has seen a rapid adoption by corporates and institutions.
The XPRES-T EV has proven to be an attractive option for both customers and operators in the commercial fleet segment. Such collaborations will further help strengthen our market position amidst India’s EV revolution,” says Vivek Srivatsa, Chief Commercial Officer, TEML. For Sandeep Gambhir, Chief Executive Officer, Vertelo, the partnership aims to help with accelerating the shift towards a more sustainable India by making bespoke leasing options available to fleet operators that help them onboard EVS in larger numbers.
In July 2021, Tata Motors launched the ‘XPRES’ brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. The new XPRES-T electric sedan comes with 2 range options – 315km and 277km (ARAI certified range under test conditions). It packs a high energy density battery of 26 kwh and 25.5 kwh and be charged from 0- 80% in 59 mins and 110 mins respectively, using fast charging or can also be normally charged from any 15 A plug point, which is easily available and convenient. It comes with zero tail-pipe emission, single speed automatic transmission, dual airbags, and ABS with EBD as standard across variants. The premium interiors with standard automatic climate control and electric blue accents across its interior and exterior will give it a differentiated presence from other Tata cars.
Vertelo is a new platform providing end-to-end solutions in fleet electrification in India offering bespoke solutions to customers including leasing and financing, charging infrastructure and energy solutions, fleet management services, and end of vehicle life management. The new platform has been established by Macquarie Asset Management and has received anchor investment from the Green Climate Fund which has committed to invest up to USD200 million. Overall, Vertelo plans to invest USD1.5 billion over 10 years with the aim to achieve a potential greenhouse gas emissions reduction.