BattRE Ties Up With 8 Financial Institutions To Offer Financing Solutions To EV Customers
The partnership will offer ease of ownership and convenience to the customers to avail easy, hassle-free financial options to purchase BattRE’s EV range of low and high-speed vehicles.
New Delhi, August 1, 2023: BattRE Electric Mobility (BattRE), a leading e-mobility company focused on providing sustainable and performance-rich commute experiences, has announced its tie-up with 8 financial institutions to provide attractive, hassle-free and simplified financial schemes for customers on the purchase of BattRE’s e-mobility range. BattRE is working towards ease of ownership of e-mobility solutions for its customers to boost the EV two-wheeler market.
The company has partnered with India’s leading and diversified financial services group- Bajaj Finance, ICICI Bank, Vidharbh Konkan Bank, DNSBL, Zest Money, Credit Fair, Loan Tap and EZ Finanz to make its electric two-wheelers range more accessible. The partnership with various institutions will provide up to 90% of the finance starting from 7.5% rate of interest over a period of 36 months. In addition, customers can also avail further benefits including swift vehicle loan sanction and hassle-free documentation procedures. The finance schemes are available on all BattRE two-wheelers including low-speed and high-speed vehicles.
Nishchal Chaudhary, Founder and CEO of BattRE, said, “We are delighted to partner with 8 esteemed financial organizations to offer lucrative financial solutions for the convenience of our customers. This is a significant step towards encouraging electric mobility solutions in India. These simplified financial schemes will make e-mobility accessible to a larger customer base. With these collaborations, BattRE aims to assure its customers and smooth and hassle-free transition to sustainable mobility and contributing to a pollution-free environment.”
As part of this association, customers can get faster loan approval with nominal documentation at a competitive interest rate. To add to this convenience, financial institutions are also offering easy scheme options, digital login, 24/7 operational support and other pre-approved offers.
The tie-up with various financial institutions will simplify the financing procedures and make two-wheelers more accessible and affordable to customers. Quick and smooth loan approval process will encourage customers to make their electric two-wheeler buying experience an easy drive.
“Considering the interest and enthusiasm among customers towards e-mobility purchase, BattRE wants to facilitate ease of purchase for the convenience of the customers with flexible and lucrative financial schemes. We are confident that our engagement with these esteemed financial organizations will be another step towards enhancing our ability to cater to the robust e-mobility ecosystem and encourage customers in making their transition to e-mobility,” added Chaudhary.
BattRE currently has over 400 dealerships in more than 21 states across India. The company’s range of electric two-wheelers includes BattRE One, BattRE LO:EV and BattRE Stor:ie
About BattREElectric Mobility
BattREElectric Mobility Private Limited (Batt:RE), is an e-mobility company focused on providing sustainable, performance-rich commute experiences for the urban consumer. The company, founded in 2017, is a pervasively technology-driven, customer-focused, and deeply innovative EV Startup which manufactures lifestyle-complementary electric city scooters. The company sold its first scooter in July of 2019 and has since built a network of over 400 dealerships in more than 21 states across India. In a short span, Batt:RE has achieved sales more than 40,000 units. The thrust and intent of the startup all along have been on contributing to a sustainable urban transport ecosystem. To this end, the company’s electric scooters have so far achieved a net monthly reduction of 6.4 lakh kgs of CO2 emissions resulting in a saving of Rs 4.8 crore in monthly fuel costs alone. Batt:RE is a proud ‘Make in India’ organization which is tech-rich and intensely innovative. To date, received 20 patents for its Electric Scooter and the upcoming motorcycle.
