In a move set to accelerate the adoption of electric commercial vehicles in India, Tata Capital Limited, the flagship financial services arm of the Tata Group, has signed a Memorandum of Understanding (MoU) with Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons Limited, to offer financing solutions for JEM’s range of electric light commercial vehicles (e-LCVs).
The collaboration aims to simplify vehicle acquisition for customers by providing convenient and flexible financing options, further strengthening Tata Capital’s position as a comprehensive vehicle financier across mobility segments.
Commenting on the partnership, Neeraj Dhawan, Chief Operating Officer – Motor Finance Business & DSMG, Tata Capital Limited, 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.”
Gaurav Jalota, CEO of Jupiter Electric Mobility, emphasized the growing demand for electric solutions in the logistics sector. “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 model. By pairing our advanced e-LCVs with Tata Capital’s financing, we are making the e-vehicle ownership journey more seamless for our customers.”
Jupiter Electric Mobility, a key player in India’s sustainable mobility ecosystem, manufactures long-range electric trucks for last-mile and middle-mile operations. Backed by in-house battery technology, its flagship ‘Tez’ platform delivers a real-world range of approximately 200 km and a load capacity of up to 1.5 tonnes, offering strong battery warranties and efficient performance for commercial use.
The partnership between Tata Capital and JEM marks a significant step toward mainstreaming electric logistics in India, offering financial accessibility alongside cutting-edge EV technology to drive the country’s clean energy transition.
