Macquarie Group, one of the biggest foreign infrastructure investors in India, is in discussions with business investors to raise $205 million for the establishment of an electric vehicle (EV) lease and finance company.
Macquarie Asset Management, which has over US$773.1 billion in assets under management, would be in charge of managing the India-specific e-mobility financing platform. It will attempt to lower the initial capital outlay required for the drive toward green mobility. Macquarie and its managed funds have so far invested US$2.5 billion in India and are in charge of investments totaling 13.3 GW of green energy capacity.
