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Tata Capital Limited has entered into a strategic partnership with Jupiter Electric Mobility (JEM) to offer convenient financing solutions for electric light commercial vehicles (e-LCVs). This collaboration marks another step in promoting sustainable and clean transportation in India.
Under the Memorandum of Understanding (MoU), Tata Capital, a flagship financial services company of the Tata Group, will provide JEM customers with easy loan options for their e-LCV purchases. Neeraj Dhawan, COO of Tata Capital’s Motor Finance Business, emphasized that the company’s goal is to make it easier for businesses to adopt electric vehicles at scale.
Gaurav Jalota, CEO of JEM, stated that the partnership will help small fleet operators access electric vehicles more easily, supporting sustainable logistics and cleaner operations.
JEM’s e-Truck division manufactures vehicles under the “Tez” platform, offering a range of approximately 200 km and a load capacity of up to 1.5 tonnes. Tata Capital serves customers across India through more than 1,500 branches, offering retail, housing, and commercial finance services.
This partnership is seen as a significant step toward accelerating electrification in India’s commercial vehicle sector and making the adoption of electric vehicles easier and more accessible for businesses and fleet operators.
