Macquarie Raises US$405 Million for EV Financing Platform in India
Summary
Macquarie Asset Management raised US$405 million for Vertelo, its fleet electrification platform in India. The round includes capital from institutional investors and the Green Climate Fund. Vertelo provides fleet leasing, charging, energy management, and support services for commercial EV adoption. The funding will help the platform scale as India’s EV market grows quickly and more companies pursue fleet electrification.
Funding
Amount
$405.0M
Total raised
Date
August 22, 2025
Announcement date
Investors
Green Climate Fund, Allianz Global Investors
Lead investors
Company
-
Funded company
Classifications
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