Gensol Engineering has informed that Gensol EV Lease, a subsidiary of Gensol Engineering (BSE Code: 542851 and NSE Symbol: GENSOL), an EV-focused leasing solutions provider, today announced a significant milestone with an order for more than 500 + Tata Ace Cargo EVs. This substantial order, valued at INR 75 Cr is from an all-electric logistics company. An Initial batch of 20+ EVs have already been leased, with the remaining cars to be deployed over the next 6 months across 5 states in India - Maharashtra, Karnataka, West Bengal, Tamil Nadu and Telangana. In addition, they are working with customers in the PSU, last mile delivery and employee transportation business with a leasing requirement of 100+ electric vehicles. The Investor release in the said matter is attached with this letter.
The above information is a part of company’s filings submitted to BSE.
