Tata Capital Joins Hands with Jupiter Electric Mobility to Drive e-LCV Financing Growth

In a major step toward enabling sustainable logistics, Tata Capital Limited has entered into a strategic partnership with Jupiter Electric Mobility (JEM) to boost financing accessibility for electric light commercial vehicles (e-LCVs) across India. The collaboration aims to make the shift to electric fleets smoother for small and medium businesses while contributing to the country’s clean transport agenda.

Through this alliance, Tata Capital will extend customised financing options to JEM’s e-LCV buyers, making it easier for fleet operators and entrepreneurs to invest in electric logistics solutions. With a network of over 1,500 branches nationwide, the financial services major will support both individual and institutional clients looking to transition from diesel-powered to zero-emission vehicles.

Jupiter Electric Mobility, known for its innovation in long-range electric trucks, is focusing on last-mile and middle-mile delivery solutions under its e-Trucks Division. Its flagship model, the Tez e-LCV, is built for high performance — offering a range of up to 200 km and a payload capacity of 1.5 tonnes. Backed by proprietary battery technology and strong warranty support, the Tez aims to set new benchmarks in reliability and cost efficiency for commercial EVs.

Commenting on the partnership, Neeraj Dhawan, COO – Motor Finance Business at Tata Capital, said that the initiative aligns with the company’s commitment to advancing sustainable transport. “By financing JEM’s e-LCVs, we aim to make clean mobility more accessible to small businesses and fleet owners nationwide,” he noted.

Echoing the sentiment, Gaurav Jalota, CEO of Jupiter Electric Mobility, added, “Tata Capital’s extensive reach and expertise in vehicle finance will accelerate our mission to build a greener logistics ecosystem. Together, we’re empowering businesses to embrace future-ready electric mobility.”

As India’s commercial EV market gains momentum, such partnerships are expected to play a crucial role in scaling the adoption of green transport solutions. The Tata Capital–JEM collaboration reinforces the growing synergy between the finance and EV sectors, both working toward a shared vision of carbon-neutral logistics and sustainable economic growth.