HomeInvestment & Trading ›Tata Motors Finance Extends INR 25 Crore Credit Facility to Enable BluSmart to Expand its EV Fleet

Tata Motors Finance Extends INR 25 Crore Credit Facility to Enable BluSmart to Expand its EV Fleet

This collaboration will help in the expansion of the EV fleet, giving efficient and environment-friendly mobility services to consumers.

June 23, 2023. By Nivedita Ojha

Tata Motors Finance (TMF) has partnered with BluSmart Mobility, and EV charging superhub infrastructure operator, to provide the expansion of its fleet and operations in Delhi NCR.

The structured credit facility is availed in the form of an umbrella financing cum lease solution that will provide BluSmart Mobility to expand its fleet by 200 electric vehicles.

The inking ceremony was attended by distinguished individuals including Anmol Singh Jaggi, CEO and Co-Founder of BluSmart and Samrat Gupta, MD & CEO of Tata Motors Finance; Anand Bang – Chief Operating Officer; Surinder Kamboj – Business Head Passenger Vehicles, as well as officials, and stakeholders from Tata Motors Finance, and BluSmart Mobilty.

Samrat Gupta, MD & CEO of Tata Motors Finance, stated, “Tata Motors Finance is dedicated to provide solutions to EV fleet operators within TML ecosystem in fulfilling their mobility expansion needs through tailor-made credit offerings. Our partnership with BluSmart Mobility bears testament to TMF’s commitment to EV mobility space."

Anmol Singh Jaggi, CEO & Co-Founder, BluSmart, added, “We are excited to partner with Tata Motors Finance to further strengthen the growth of BluSmart. The association will enable us to expand our fleet and enhance our presence in the market, providing efficient, reliable, and eco-friendly transportation services to our consumers."
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