Macquarie Asset Management

Macquarie Asset Management raises US$405 million for its fleet electrification platform, Vertelo

EY acted as the exclusive investment banker to Macquarie Asset Management

EY successfully advised Macquarie Asset Management on a US$405 million fund raise for its fleet electrification platform, Vertelo, marking one of the largest investments in India’s electric vehicle ecosystem.

Macquarie Asset Management

One of the world’s largest infrastructure asset managers with over US$600 billion in AUM. Since 1999, Macquarie has invested over US$4.2 billion in equity capital across businesses in India.

Vertelo

A leading platform providing integrated fleet electrification solutions, including leasing and financing, charging infrastructure, energy management, fleet management services, and end-of-life asset management, helping accelerate sustainable transport solutions.

EY leveraged on its (a) strong connect with most suited investors for this deal, (b) strong understanding of risks, returns and potential of the EV space, and (c) tight process management, to garner over-subscription on the deal. EY brought in commercial investors as LPs in this single asset, country specific fund – a very unique transaction.