Macquarie Raises $405 Million for India EV Leasing Platform

Macquarie Group, through its infrastructure asset management arm, has raised $405 million for an electric vehicle (EV) leasing platform in India. The funds were secured from a group of global investors, indicating strong international interest in India's growing EV market. The platform aims to facilitate the adoption of EVs in India by providing leasing options to commercial vehicle owners and fleet operators. This move aligns with the Indian government's push to promote electric mobility and reduce carbon emissions. The raised capital will be used to expand the platform's reach and support the deployment of EVs across various sectors, such as last-mile delivery, passenger transport, and logistics. This investment underscores the potential of India's EV market and the growing demand for innovative financing solutions to drive the transition towards sustainable transportation. The article highlights Macquarie's strategic positioning in the Indian EV ecosystem, leveraging its expertise in infrastructure financing to contribute to the country's sustainable development goals.