Greaves Finance and ElectricPe Forge Strategic Partnership to Transform EV Ownership
Jan 25, 2024: Greaves Finance Limited, a prominent non-banking financial company (NBFC) and a wholly-owned subsidiary of Greaves Cotton Ltd, has joined forces with ElectricPe, India’s largest and most trusted electric vehicle (EV) solutions provider. This collaboration, facilitated under the evfin electric vehicle ownership platform, signifies a momentous step in revolutionizing the EV landscape by leveraging the strengths of two innovative entities dedicated to simplifying the EV ownership experience.
ElectricPe, known for its comprehensive offerings in the EV space through virtual and physical mobility centers, focuses on selling various two-wheeler original equipment manufacturer (OEM) brands to streamline EV ownership. The alliance between evfin and ElectricPe marks a synergy between two industry leaders committed to redefining the electric vehicle journey for customers.
Greaves Finance Limited, through its innovative programs like smart.fin and ride.fin in two-wheeler EV financing, aims to enhance ElectricPe’s customer experience. These buyback programs will be readily accessible to all customers at ElectricPe Mobility Centers and through the user-friendly app, contributing to an unparalleled EV ownership journey by delivering convenience and value.
Sandeep Divakaran, CEO of Greaves Finance Ltd., expressed enthusiasm about the partnership, stating, “We are thrilled to partner with ElectricPe on this transformative journey, as we view this as a milestone in reshaping the electric vehicle landscape in India. This collaboration holds great significance, and we anticipate substantial business activity with ElectricPe. Through this partnership, we aim to transform how customers engage with electric vehicles, establishing a fresh industry benchmark for convenience, innovation, and overall customer contentment.”
Avinash Sharma, Co-Founder and CEO of ElectricPe, echoed similar sentiments, emphasizing their commitment to ensuring an exceptional customer experience throughout the electric vehicle journey. Sharma stated, “This partnership signifies a game-changer, simplifying and enhancing the electric vehicle financing experience. It’s about offering improved financing choices and seamless transitions, ultimately making things simpler and better for our customers.”
As part of this collaboration, ElectricPe customers will benefit from specialized financing support, enabling them to explore tailored financing solutions from Greaves Finance Limited aligned with their unique preferences and requirements. Greaves Finance Limited has established itself as a leader in financing consumers of leading EV OEMs such as Ather Energy, OLA, TVS, Vida (Hero MotoCorp.), Ampere, among others, further solidifying its role in driving the widespread adoption of electric mobility across India.
