[color=hsl(0, 0%, 0%)]Tata Capital, the flagship financial services company of the Tata Group, and Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons and clean energy technology company, have signed a Memorandum of Understanding (MoU) under which Tata Capital will offer financing solutions over JEM’s range of Electric Light Commercial Vehicles (e-LCVs).
[color=hsl(0, 0%, 0%)]The partnership arrangement will enable Jupiter Electric Mobility’s customers in acquiring e-LCVs through convenient financing solutions. This collaboration strengthens Tata Capital’s position as a full-stack vehicle financier across mobility segments.
[color=hsl(0, 0%, 0%)]Speaking on the partnership, Neeraj Dhawan, Chief Operating Officer – Motor Finance Business & DSMG, Tata Capital, said: “At Tata Capital, we aim to play an integral role in India’s EV adoption journey. By extending our financing solutions to JEM’s range of e-LCVs, our larger endeavour is to make it easier for businesses to access sustainable mobility at scale. This collaboration is a step towards supporting India’s transition towards a future-ready transport ecosystem.”
[color=hsl(0, 0%, 0%)]Gaurav Jalota, CEO, Jupiter Electric Mobility, added “We are seeing rising demand for electric mobility from businesses, especially small fleet operators. With Tata Capital stepping in as a reliable financier, our customers can bring e-LCVs into their operations more easily while transitioning to a cleaner, more efficient logistics. By pairing our advanced e-LCVs with Tata Capital’s financing, we are making the e-vehicle ownership journey more seamless for our customers.”
[color=hsl(0, 0%, 0%)]JEM's e-Trucks Division manufactures long-range electric trucks for last-mile and middle-mile applications, supported by in-house battery technology. With its flagship platform ‘Tez’, the company delivers real-world range of ~200 km with a load capacity of up to 1.5 tonne, and robust battery warranties. |
