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WheelsEMI and Greaves Leasing Finance join hands to push EV adoption, aim for green mobility

WheelsEMI and Greaves Leasing Finance come into a partnership to boost the use of electric vehicles and render the customers with secure buying options.

Greaves Leasing Finance, the Non-Banking Financial Company (NBFC) branch of Indian engine and equipment manufacturer Greaves Cotton has concluded to collaborate WheelsEMI to push the adoption of electric vehicles and green mobility.

What do the firm plans for its customers?

WheelsEMI will render:

  • Credits, collateral-free loans, lower interest rates, eligibility checks, support, and assistance
  • customize deals in accordance with the customers’ requirements.

V Karunakaran, the co-founder and joint managing director of the firm, stated in a press release, “Having an alliance with Greaves Finance, we have the unique opportunity of expanding this nascent market, together.”

WheelsEMI is a two-wheeler financing firm that assists the users with better lending options to purchase its Ampere range of electric scooters. Greaves Leasing Finance was a significant part of bringing the majority stake in WheelsEMI scooters last year.

Ampere scooter sale on Amazon

The partnership to sell scooters online has also been extended with Amazon. In October, the two firms shook hands with the ecommerce giant, and the online sale of the electric bikes has already prevailed the website. Amazon is now the first online business network in India to sell scooters online. However, at present, the sale is available in only ten cities, including Theni, Thoothukudi, Tiruchirappalli, Gobichettipalayam, Coimbatore, Bengaluru, Moodabidri, Mangaluru, Karur, Udumalpet, and Ambur.

Amazon will soon expand the regions of Ampere vehicles sale, but, even currently, the scooters have attained competitive character over the competitors in terms of distribution. Founded in 2008, the firm is firmly backed by Ratan Tata and Chairman of Axilor Ventures and co-founder of Infosys, Kris Gopalakrishnan.