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 collaboration will assist businesses in reducing greenhouse gas emissions and utilising tradable carbon credits to achieve the net zero objective.
This framework adheres to the Verified Carbon Standard Methodology and will assist businesses in gaining economic and environmental benefits from completely electric and hybrid commercial fleet deployments, transforming them into 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 Mr. 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.
“We are looking forward to making this collaboration a huge success,” says Vamsi Krishna, Managing Director of Kosher Climate. Every sector, country, and stakeholder confronts unique challenges in achieving carbon neutrality goals, necessitating the development of a customised carbon assessment framework. Etrio’s deep insights and experience in deploying EVs across various commercial use cases and terrains in India has set the groundwork for developing an appropriate framework for commercial 3-wheeler EVs that was lacking in India and within the Indian context.”
