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Etrio, a leading electric vehicle (EV) manufacturer in India, has joined forces with Kosher Climate, a renewable energy consulting firm based in Bangalore, to create a carbon credit framework for commercial EVs. This innovative partnership will enable companies to reduce greenhouse gas emissions and achieve net-zero targets by using tradable carbon credits. The carbon credit framework, which follows the Verified Carbon Standard Methodology, will provide economic and environmental benefits to companies that deploy fully electric and hybrid commercial fleets, making them more sustainable businesses.
According to Etrio’s Managing Director and Co-promoter, Kalyan C Korimerla, the company is one of the first EV manufacturers in India to create a carbon credit framework specifically for the 3-wheeler commercial EV segment. By offering tradable carbon credits, Etrio’s customers can meet their sustainability goals while also achieving substantial savings.
The partnership with Kosher Climate, which has global experience in offering end-to-end carbon credit solutions to over 100 customers across nine countries, will provide an additional revenue stream for the EV industry. The tradable carbon credit framework is a sustainable growth model that is economically and environmentally beneficial.
Carbon Credit Framework Overview
The carbon credit framework, based on the Verified Carbon Standard Methodology, offers economic and environmental benefits to companies deploying fully electric and hybrid commercial fleets. It aims to make businesses more sustainable while enabling significant savings for customers.
Kosher Climate’s Expertise
As a frontrunner in carbon markets, Kosher Climate provides advisory support to companies, governments, multi-lateral agencies, and NGOs in achieving their net-zero goals. Etrio, on the other hand, is a leading cargo EV manufacturer that provides tech-driven EV solutions for diverse commercial use cases. Its EVs are integrated with high-end telematics technology, enabling them to deliver a superior range and unmatched performance in their respective categories.
Kosher Climate’s Managing Director, Vamsi Krishna, is optimistic about the collaboration’s success, stating that every industry, country, and stakeholder faces unique challenges in achieving their carbon neutrality goals. A bespoke carbon assessment framework is necessary to achieve zero-emission goals. Etrio’s experience deploying EVs across different commercial use cases and terrains in India has laid the foundation for creating an appropriate framework for commercial 3-wheeler EVs that was missing in India and within the Indian context.
Etrio’s Achievements and Focus Areas
Etrio’s EVs are widely deployed across various commercial use cases, including agri logistics, waste management, e-commerce, cold chain logistics, gas delivery, and last-mile logistics. The company has earned a reputation for going beyond the traditional OEM role to offer end-to-end solutions such as roadside assistance, charging infrastructure checks, driver training, and optimizing cost economics for its logistics industry clients.
Founded in 2017 and headquartered in Hyderabad, Etrio aims to lead cargo fleet electrification and is driving EV adoption at scale in India while providing best-in-class products, services, and solutions catering to India’s burgeoning cargo and logistics sector. The company has earned the trust of several leading e-commerce and logistics players in the country, including Amazon, Flipkart, IKEA, Big Basket, Delhivery, LetsTransport, Amplus Solar, Gati, Zyngo, Zypp, MoEVing, and many others.
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