New Delhi, Aug. 22 -- 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 (GCF), 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.

This partnership model, combining commercial and developmental funding, shows Macquarie's ability to mobilize capital at scale to address critical climate challenges while delivering value to investors. It is Macquarie Asset Management's fi...