GreenCell & VE commercial vehicles partner for Indian EV growth

New Delhi, India – September 15, 2023 — GreenCell Mobility (GreenCell) promoted by Eversource Capital, and VE Commercial Vehicles (VECV) signed a Memorandum of Understanding aimed at jointly participating in the rapidly evolving Indian electric vehicle (EV) market, thereby contributing to a more sustainable future.

GreenCell and VECV signed the Memorandum of Understanding on 15th September 2023. This is a pivotal step towards achieving a greener tomorrow. GreenCell and VECV share a common vision of reducing carbon emissions through the adoption of EVs in the country. Moreover, VECV shall be partnering with GreenCell to supply 1,000 Eicher electric buses for its inter-city business, NueGo, over the next 5 years. Both parties will work together to ensure industry-leading vehicle engineering, data integration, and safety features in these buses.

NueGo is already operating in over 30 cities, such as Delhi, Chandigarh, Dehradun, Agra, Jaipur, Ludhiana, Bhopal, Indore, Hyderabad, Vijayawada, Bengaluru, Tirupati, Chennai, and Pondicherry. As the inaugural pan-India inter-city electric tourist bus provider, NueGo has rapidly emerged as a dominant force in sustainable mobility. Leveraging state-of-the-art technology achieves this success. Additionally, NueGo provides its tourists with a safer and greener travel option. Moreover, the brand has been playing an active role in climate action by utilizing their noiseless, zero-emission coaches, which do not emit any tailpipe pollution.

Devndra Chawla, MD & CEO of GreenCell Mobility, expressed his enthusiasm about the partnership, stating, “In partnering with VE Commercial Vehicles to introduce 1000 e-buses, we’re taking a giant leap towards realizing our purpose and vision at GreenCell Mobility. Our goal is to create a cleaner, greener future for all. Furthermore, this collaboration strengthens our resolve to reshape the mobility landscape and lead the charge toward sustainability.”

On the occasion of the MoU signing, Vinod Aggarwal, MD & CEO of VE Commercial Vehicles Limited, said, “I am pleased to announce this partnership with an industry leader like GreenCell Mobility. At VECV, we are not just delivering vehicles; we are delivering sustainable solutions for people and goods transportation. VECZ aligns well with the government’s mission to achieve Net Zero emissions before 2070 in this regard. With our focus on superior uptime, backed by a strong alternate fuel program. We look forward to our partnership with GreenCell Mobility, as we jointly endeavor to de-carbonize city mobility.”

India’s “Sustainable India 2047” initiative exemplifies its commitment to a greener future, emphasizing eco-friendly growth and responsible environmental preservation. As part of this broader effort, collaborations like the one between GreenCell Mobility and VE Commercial Vehicles are crucial. Moreover, these collaborations play a vital role in reducing the environmental footprint of the automotive industry. This underscores India’s commitment to a greener and more environmentally responsible future.

This MoU represents a significant milestone in the journey towards a greener and more sustainable India. GCM and VECV are committed to working closely to bring about positive change in the automotive industry. They aim to reduce the environmental footprint.

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