Etrio, a leading electric vehicle (EV) manufacturer in India, has announced a strategic partnership with Bangalore-based renewable energy consultants, Kosher Climate. The partnership aims to create a carbon credit framework, specifically designed for commercial EVs, to help companies reduce their greenhouse gas emissions and achieve net-zero goals.
The carbon credit 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’s managing director and co-promoter, Mr. Kalyan C Korimerla, stated that Etrio is one of the first EV manufacturers in India to create such a framework for the 3-wheeler commercial EV segment.
The tradable carbon credits will enable Etrio’s customers to meet their sustainability goals while achieving substantial savings. Meanwhile, the monetization of carbon credits creates an additional revenue inflow into the EV industry, making it a sustainable growth model economically and environmentally. Kosher Climate was chosen as Etrio’s partner for this endeavor due to their global experience in offering end-to-end carbon credit solutions to more than 100 customers across nine countries.
According to Vamsi Krishna, the managing director of Kosher Climate, every industry, country, and stakeholder faces unique challenges in managing carbon neutrality goals, and a bespoke carbon assessment framework is required to achieve zero-emission goals. Etrio’s deep insights and experience in deploying EVs across different commercial use cases and various terrains in India have laid the foundation for creating an apt framework for commercial 3-wheeler EVs, which was amiss in India and within the Indian context.
Kosher Climate provides advisory support to companies, businesses, governments, multi-lateral agencies, and NGOs in achieving their net-zero goals.