EESL to lease electric vehicles to Ola and Uber

Initially it will procure only e-rickshaws and e-autos for leasing to operators

The government is entering a business of owning and leasing electric vehicles in a bid to widen usage among aggregators like Ola and Uber and other fleet operators and reduce environmental pollution. Energy Efficiency Services Ltd or EESL, a joint venture of four government-owned power companies, NTPC, Powergrid, PFC and REC, will be spearheading this business. Initially, EESL will procure only e-rickshaws and e-autos to lease them to operators.

EESL has aggressive plans here as an operator has to lease a minimum of 10,000 e-rickshaws or e-autos. A higher volume can lead to better leasing terms and conditions. EESL, which