Vertelo, Macquarie Asset Management’s fleet electrification platform, has raised Rs 35.42 billion ($405 million). The investors include Green Climate Fund (GCF), Macquarie Green Energy Transition Solutions Fund (GCF), Macquarie Green Energy Transition Solutions Fund, Allianz Global Investors, and Australian Ethical. Funding constitutes $205 million institutional investment and $200 million concessional capital from GCF as an anchor investor.
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