Gensol EV Lease Pvt. Ltd., a subsidiary of Gensol Engineering Limited made a significant announcement regarding a substantial order for over 500 Tata Ace Cargo Electric Vehicles (EVs). The order, valued at ₹75 crore, comes from an all-electric logistics company and marks a pivotal moment in the electric vehicle industry.
An initial batch of more than 20 EVs has already been leased, with the remaining vehicles set to be deployed across five Indian states – Maharashtra, Karnataka, West Bengal, Tamil Nadu, and Telangana – over the next six months.
In addition to this milestone order, Gensol EV Lease is actively collaborating with customers in the public sector, last-mile delivery, and employee transportation segments, with leasing requirements exceeding 100 electric vehicles.
Gensol EV Lease specializes in providing flexible and tailored EV leasing and fleet management solutions. By doing so, it is championing sustainable and eco-conscious mobility while addressing the challenges that have historically hindered the widespread adoption of electric vehicles.
These orders signify a significant stride toward advancing sustainable mobility through innovative EV leasing solutions. Gensol EV Lease is rapidly solidifying its position as a key player in the EV leasing sector, poised to meet the growing demand for EVs in the coming years. This achievement underscores their commitment to fostering environmentally friendly transportation options and accelerating the transition to electric mobility in India.