BENGALURU, 14 July 2023: Ola Electric, the Indian electric vehicle (EV) maker, has partnered with Shriram City Union Finance to offer low-cost loans starting from 8.99% for a tenure of 48 months. The company claims that approvals will be guaranteed in minutes.
Shriram City Union Finance is among the largest financiers of 2-wheelers in the country with about 2,800 branches across urban and rural pockets. This partnership will make it easier for customers to finance their purchase of an Ola electric scooter, regardless of their location.
Customers can avail of these financing options online and offline. To avail of the financing options online, customers can visit the Ola website or app and apply for a loan. To avail of the financing options offline, customers can walk into their nearest Ola Experience Center for a detailed discussion on the financing options available.
Ankush Aggarwal, Chief Business Officer, Ola said, “We are focused on making financing solutions easy and accessible for all. With our partnership with Shriram City Union, we aim to break financial barriers and make electric mobility a reality for customers. We are confident that it will pave the way for accelerating EV adoption across the country.”
This partnership is a significant step towards making electric vehicles more affordable and accessible to a wider range of customers. It is also a sign of the growing demand for electric vehicles in India.
Ola Electric is an Indian electric vehicle manufacturer based in Bengaluru, Karnataka. It is a subsidiary of Ola Cabs, one of the largest ride-hailing companies in India. Ola Electric was founded in 2017 and has since become one of the leading electric vehicle manufacturers in India. The company offers a range of electric scooters, including the Ola S1, Ola S1 Pro, and Ola S1 Air. Its mission is to “create an EV revolution in India” and make electric mobility accessible to everyone.