India, April 23 -- Australia's Macquarie Group's investment arm, Macquarie Asset Management, is set to inject $1.5 Bn (around INR 12,500 Cr) into India's electric vehicle space via its recently unveiled platform Vertelo.

Vertelo will be providing end-to-end solutions for fleet electrification in India.

The company aims to accelerate the transition of fleets to electric vehicles and build a robust EV ecosystem by offering several 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 received anchor investment from the Green Climate Fund which has committed to invest up to $200 Mn.

Vertelo plans to invest ...