Magenta Mobility names Vishal Sharma as National Head – Asset

Magenta Mobility has announced the appointment of Vishal Sharma as its National Head - Asset. This strategic move comes as Magenta Mobility positions itself for accelerated growth and aims to reinforce its leadership in the electric mobility sector. Alongside Vishal Sharma’s appointment, Magenta Mobility had recently welcomed Satyen Sail as Mobility Business head and Shashank Sathe joining as CTO, solidifying their leadership team. 

With an impressive track record spanning over 14 years, Vishal Sharma brings valuable expertise in Fleet Management, OEM Relationships, and Vehicle Asset Management, having excelled in pivotal roles at renowned brands such as Ola Electric, Ola Fleet Technologies, Hyundai, and Mahindra Navistar. In his new leadership position, Vishal will work closely with the company's founders to develop and implement strategies for optimizing asset utilization and driving operational efficiency. 

Maxson Lewis, Founder and MD, of Magenta Mobility, stated, "We are excited to have Vishal Sharma as the National Head - Assets at Magenta Mobility. As we grow our fleet, asset utilization is one of the key drivers of our business and Vishal’s proven expertise and profound understanding of fleet management will surely enhance our operational efficiency. His dedication to sustainability and efficiency perfectly aligns with our mission of creating a greener future. I am certain that Vishal will be a valuable asset to Magenta's leadership team."  

Vishal Sharma said, "I am delighted to be a part of Magenta Mobility and look forward to driving the company’s ambitious goal of transitioning from 1k to 10k electric vehicles on the road by 2024. I believe that data analytics, predictive maintenance, and asset optimization will be instrumental in achieving operational efficiency and I am excited to leverage the latest technologies and my prior experience to achieve that at Magenta." 

Magenta Mobility raised USD 22 Million from two marquee investors - bp Ventures and Morgan Stanley India Infrastructure. Earlier this month, the brand proudly announced its operation in Pune. Currently operational in Bangalore, Hyderabad, Mumbai, Mysuru, Delhi, Noida, and Gurgaon, Magenta Mobility is expanding its operational presence in multiple other cities. The brand employs a team size of around 200+ employees including 15 key individuals in leadership roles and has ambitious plans to scale up its fleet, driver partner network, and workforce during this year as it envisions operational expansion into additional cities.