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BENGALURU, 19 August 2023: Greaves Finance Limited, a prominent non-banking financial company (NBFC) and subsidiary of Greaves Cotton Ltd, operating under the brand evfin, has joined forces with Ather Energy, a leading electric two-wheeler manufacturer in India. This partnership marks a significant milestone in the electric vehicle (EV) industry by offering innovative financing solutions tailored to individual preferences and needs, aiming to redefine the EV ownership experience.
Tailored Financing Solutions for Ather Energy Customers
- Ride.fin (Buyback): A unique financing scheme enabling customers to enjoy the Ather 450X through affordable monthly installments (EMIs). After four years, they have the choice to return the vehicle or continue with the same EMIs for an extra year.
- Smart.fin (Upgrade): This guaranteed buyback programme enables customers to easily upgrade to the next generation of Ather electric two-wheelers.
- Protect.fin (Secured): Offering classic finance schemes and extended warranty plans for five years, ensuring a secure and worry-free ownership experience.
- zip.fin (Lowest ROI): Addressing cost-conscious customers, this option provides the lowest interest rate, starting at just 3.99% ROI.
Industry Leaders’ Vision
Sandeep Divakaran, CEO of Greaves Finance Limited, expressed excitement about partnering with Ather Energy to enhance EV affordability. Together, they aspire to elevate the customer experience and facilitate widespread EV adoption. The company’s customers now have access to tailored financing solutions, aligning with their green transportation goals.
Ravneet Phokela, CBO of Ather Energy, emphasized the significance of attractive financing options in enabling EV ownership. The collaboration with evfin, a dedicated financial services provider for electric mobility, marks a pivotal step towards making Ather’s 450 Series more accessible and affordable across India.
Driving Green Mobility Forward
The partnership between evfin and Ather Energy underscores a shared commitment to accelerating electric mobility adoption in India. As the nation moves towards a greener future, this collaboration plays a crucial role in facilitating EV ownership and contributing to a cleaner environment.
Conclusion
evfin’s strategic alliance with Ather Energy introduces a range of tailored financing solutions designed to enhance the electric vehicle ownership experience. With a focus on buyback and upgrade options, these schemes empower company customers to embrace sustainable and efficient electric mobility. As pioneers in the industry, evfin and latter continue to shape the landscape of electric transportation, paving the way for a more accessible and eco-friendly future.
