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Macquarie raises $405 mn for EV fleet player Vertelo
Mint New Delhi
|August 23, 2025
Vertelo to drive electrification of fleet, offering infrastructure and partnerships with major OEMs like Tata Motors, MG
Macquarie Asset Management has raised $405 million for Vertelo, a fleet electrification solutions platform in India, from a group of investors including Green Climate Fund, Macquarie Green Energy Transition Solutions Fund, Allianz Global Investors and Australian Ethical.
Macquarie Asset Management said the funding includes $205 million from institutional investors and the remaining $200 million in concessional capital from the Green Climate Fund (GCF), the anchor investor.
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