The McWery Asset Management raised US $ 405 million for India’s EV Fleet Electrification Platform Vrtelo. It has a large share of green climate funds and institutional investors. This investment will strengthen EV ecosystem in India.
Macquarie Asset Management: One of the world’s largest infrastructure asset managers, Macqueri Asset Management (MAM) has raised US $ 405 million for Fleet Electrification Solution platform Vertello (Vrtelo) in India. The funding includes US $ 205 million from institutional investors and a concessional capital of US $ 200 million from Chief Investor Green Climate Fund (GCF). Other investors include McCery Green Energy Transition Solutions Fund (MGETS), Allianz Global Investors, and Australian Ethical etc.
This unique partnership model is a combination of commercial and developmental financing. This reflects the ability of MAM to raise capital on a large scale to resolve climate challenges by providing value to investors. This is MAM’s first mixed financial partnership with GCF.
The vertelo, launched by the MAM Green Investment (GI) team in April 2024, aims to intensify fleet infection for electric vehicles (EV) and build a strong EV ecosystem. This platform provides integrated fleet electrification solutions to customers. This includes leasing and fining, charging infrastructure and energy management, fleet management service and end of life asset management.
Since its inception, this platform has established important partnerships in e-commutity ecosystem. Has worked with leading operators in India to increase access to clean and efficient transport. These include partnerships with leading OEMs like Eka Mobility, JBM, MG Motors, Switch Mobility, Tata Motors and Eicher Volvo.
MAM managing director Abhishek Poddar said, “We are happy to complete the process of raising US $ 405 million for vertelo. It reflects our global strategy. We are committed to developing McGarry’s global expertise and deep local insights to develop vertelo as a best in class platform, generate meaningful impacts and set new standards for permanent investment in the market.
GCF Chief Investment Officer Henry Gonzalez said, “We are happy to see the India e-dacoity finance program reaching this important achievement. This initiative will provide financial solutions, which will speed up the development of important infrastructure in India and will make a holistic ecosystem, in which the use of electric vehicles will increase permanently. It is a good example of GCF Jalvayan Finance is a good example of how to reach the use of electric vehicles permanently. And bringing changes towards low emissions and climate flexible development. “
“Energy protection and dearbonization goals create attractive investment opportunities in Elianjji, Peter Elersiak and Lucy Bernatcova.” Energy security and dearbonization goals create attractive investment opportunities. Supporting the rapid expansion of the infrastructure of electric vehicles in India will lead to the rapid expansion of the vertelo of electric vehicles in India. Capital can carry forward large -scale impressive climate solutions. “
Adam Roberts, head of private markets at Australian Ethical, said, “We are happy to provide capital and assistance to vehicles and to help reduce carbon and telpipe emissions with McConic Asset Management.
Let us know that the EV market of India is growing rapidly. It has support for favorable government policies, corporate stability goals and increasing range of EV products. The annual sales of the market by 2035 are expected to reach US $ 59 billion by 2035 with an estimated compound annual growth rate (CAGR) of 27%. Vertello is in good condition to take advantage of the opportunity. It is playing an important role in changes towards sustainable transport in India.
India is the major market for the McCery Group. Since 1999, McWery has invested equity capital of over US $ 4.2 billion in its various businesses in the country. India is also home to one of the company’s largest employees outside Australia, which has offices in Mumbai and Gurugram.
What is McCweri Asset Management?
McWery Asset Management is a global asset manager. It is integrated in public and private markets. Reliable by institutions, governments, foundations and individuals to manage assets of about 588.1 billion US dollars, we provide a diverse category of investment solutions including immovable assets, real estate, credit and equity and multi-property.
McWery Asset Management is a part of the McCery Group. It is a diverse financial group that provides asset management, finance, banking, advisory and risk and capital solutions to customers in debt, equity and commodities. Established in 1969, Macqueri Group 34 employs more than 19,000 people in markets and is listed on the Australian Securities Exchange.