This framework follows the Verified Carbon Standard Methodology and will help companies gain economic and environmental benefits from fully electric and hybrid commercial fleet deployments, making them truly sustainable businesses.
Hyderabad: Tech-driven leading EV Manufacturer in India, Etrio has announced the strategic partnership with Bangalore-based renewable energy consultants and developers of environmental commodities – Kosher Climate, to collaborate for creating a carbon credit framework – a first-of-its-kind mechanism designed for commercial EVs. This collaboration will help companies reduce Greenhouse emissions and use tradable carbon credits to achieve the net zero goal.
This framework follows the Verified Carbon Standard Methodology and will help companies gain economic and environmental benefits from fully electric and hybrid commercial fleet deployments, making them truly sustainable businesses.
“Etrio is one of the first EV manufacturers in India to create a carbon credit framework specifically for the 3-wheeler and 4-wheeler commercial EV segment,” announced Managing Director & Co-promoter, Etrio, Mr. Kalyan C Korimerla.
“Tradable carbon credits will help our customers meet their sustainability goals and achieve substantial savings. At the same time, the monetization of carbon credits creates an additional revenue inflow into the EV Industry. We chose Kosher Climate as our partner in this endeavour based on their global experience in offering end-to-end carbon credit solutions to 100+ customers across nine counties. We believe a framework for tradable carbon credits is a sustainable growth model which augurs well economically and environmentally,” Korimerla added.
According to Vamsi Krishna, Managing Director, Kosher Climate, “We are looking forward to making this collaboration a huge success. Every industry, country, and stakeholder faces unique challenges in managing carbon neutrality goals and requires a bespoke carbon assessment framework to achieve its zero-emission goal. Etrio’s deep insights and experience in deploying EVs across different commercial use cases and various terrains in India has laid the foundation for creating an apt framework for commercial 3-wheeler EVs that was amiss in India and within the Indian context.”
As a frontrunner in the carbon markets, Kosher Climate provides advisory support to companies, businesses, governments, multi-lateral agencies, and NGOs in achieving their net zero goals. On the other hand, Etrio is a leading cargo EV Manufacturer that provides tech-driven EV solutions for diverse commercial use case deployments. Etrio’s commercial electric vehicles are deployed widely across various commercial use cases – agri logistics, waste management, e-commerce, cold chain logistics, gas delivery, and for other last-mile logistics requirements. Its product portfolio has a wide range of electric vehicles with payloads ranging from 350 kg to 700 kg across three and four-wheeler segments. Etrio EVs stand out in the commercial vehicle market as they are integrated with high-end telematics technology, enabling them to deliver a superior range and unmatched performance in their respective categories.