Tata Capital Partners with Jupiter Electric Mobility to Accelerate EV Financing
Under the agreement, Tata Capital will provide customized vehicle financing to help businesses and fleet operators transition smoothly to electric transport.
Mumbai, October 16: In a significant step toward advancing electric mobility in India, Tata Capital Ltd, the flagship financial services company of the Tata Group, has partnered with Jupiter Electric Mobility (JEM) — a subsidiary of Jupiter Wagons Limited — to offer convenient financing solutions for JEM’s range of Electric Light Commercial Vehicles (e-LCVs).
Under the agreement, Tata Capital will provide customized vehicle financing to help businesses and fleet operators transition smoothly to electric transport. The partnership reinforces Tata Capital’s position as a comprehensive vehicle financier across all mobility segments.
“At Tata Capital, we aim to play an integral role in India’s EV adoption journey. By extending our financing solutions to JEM’s e-LCV range, we are making it easier for businesses to access sustainable mobility at scale,” said Neeraj Dhawan, Chief Operating Officer – Motor Finance Business & DSMG, Tata Capital Limited.
Gaurav Jalota, CEO of Jupiter Electric Mobility, added, “With Tata Capital stepping in as a reliable financier, our customers can now bring e-LCVs into their operations more easily, ensuring a smoother transition to cleaner logistics.”
JEM, a leading player in the sustainable mobility ecosystem, manufactures long-range electric trucks for last- and middle-mile applications. Its flagship Tez platform offers a real-world range of about 200 km and a 1.5-tonne load capacity, supported by in-house battery technology and robust warranties.
For more information, visit tatacapital.com.
