Gensol EV Lease is an EV-focused leasing solutions provider and a subsidiary of Gensol Engineering.

Gensol Engineering further announced that an initial batch of more than 20 EVs have already been leased, with the remaining cars to be deployed over the next 6 months across 5 states in India – Maharashtra, Karnataka, West Bengal, Tamil Nadu and Telangana.

In addition, the company stated it is working with customers in the PSU, last mile delivery and employee transportation business with a leasing requirement of more than 100 electric vehicles.

Gensol Engineering is a company that provides engineering, procurement, and construction (EPC) services for solar power plants. They have a team of over 240 employees and specialize in managing international turnkey projects.

On a consolidated basis, the company's net profit rose 2.71% to Rs 10.24 crore on 41.31% increase in net sales to Rs 144.60 crore in Q1 June 2023 over Q1 June 2022.