Etrio, Kosher Climate collaborate for carbon credit framework

Etrio, India's tech-driven leading EV manufacturer, has announced a strategic partnership with Bangalore-based renewable energy consultants and developers of environmental commodities - Kosher Climate - to collaborate on the development of a carbon credit framework - a first-of-its-kind mechanism designed for commercial EVs.

This partnership will assist businesses in reducing greenhouse gas emissions and use tradable carbon credits to attain the net zero target.

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 commercial EV segment," said Kalyan C Korimerla, Managing Director & Co-promoter, Etrio.

“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.

Vamsi Krishna, Managing Director, Kosher Climate said, “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."

Being a pioneer in the carbon markets, Kosher Climate assists enterprises, businesses, governments, multilateral agencies, and non-governmental organisations (NGOs) in attaining net zero targets. Etrio, on the other hand, is a leading cargo EV manufacturer that offers technology-driven EV solutions for a wide range of commercial use case deployments.

Etrio's commercial electric vehicles are widely used in a variety of commercial applications, including agri logistics, waste management, e-commerce, cold chain logistics, gas delivery and other last-mile logistical requirements. Its product offering includes a diverse variety of electric vehicles with payload capacities ranging from 350 kg to 700 kg in 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.This partnership will assist businesses in reducing greenhouse gas emissions and use tradable carbon credits to attain the net zero target.