Vertelo to provide financial solution for Switch Mobility electric LCVs

SWITCH Mobility and Vertelo have inked a Memorandum of Understanding (MoU), wherein Vertelo will facilitate deployment of over 1,000 electric light commercial vehicles (eLCVs and buses) over the course of the next three to five years. SWITCH Mobility will be supplying the electric LCVs and Vertelo will provide leasing and finance service for these vehicles.

Vertelo was founded by Vikram Reddy and Sandeep Reddy in 2022. It is into leasing and financing solutions for electric commercial vehicle. It is also into charging infrastructure and fleet management services.

Switch Mobility expects Vertelo to provide financial solution for its electric vehicles and also the mitigate fears of operational uncertainty.