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HomeNewsBusinessMagenta Mobility strengthens partnership with Tata Motors, deploys over 100 units of Tata Ace EV

Magenta Mobility strengthens partnership with Tata Motors, deploys over 100 units of Tata Ace EV

This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the Tata Ace EV

June 11, 2024 / 15:10 IST
Vinay Pathak, Vice President & Business Head – SCVPU, Tata Motors and Maxson Lewis, Founder & CEO of Magenta Mobility during the Ace EV key handover ceremony

Deepening its partnership with Tata Motors, Magenta Mobility, an integrated electric mobility solutions provider, has deployed over 100 units of Tata Ace EV .This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the Tata Ace EV.

This deployment includes over 60 units of the Ace EV and over 40 units of the recently launched Ace EV 1000.

Commenting on the announcement, Vinay Pathak, Vice President & Business Head – SCVPU, Tata Motors, said: “ This deployment is a testament to our unwavering commitment to democratising sustainable e-cargo transportation across the nation. Together, we are paving the way for a cleaner, greener and more environmentally conscious future for India."

Magenta Mobility is backed by esteemed investors including HPCL, bp, Morgan Stanley, JITO Angel Network, and renowned Indian American philanthropist Dr. Kiran Patel.

Maxson Lewis, Founder & CEO of Magenta Mobility, expressed his excitement about the partnership, "We aim at deploying 10,000 electric vehicles by September 2025. By synergising Tata Motors’ expertise in four-wheel small commercial vehicles (SCVs) with our integrated capabilities in logistics, charging infrastructure, and technology, this partnership is poised to redefine industry standards."

Tata Ace EV,

Moneycontrol News
first published: Jun 11, 2024 03:09 pm

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