The partnership goals to finance and lease 2.5 lakh automobiles over the subsequent three years, the corporate stated in a press release.
With supply and e-commerce segments rising exponentially, Hero Electric goals to help and steer the EV transition by way of partnerships to strengthen the B2B section, Hero Electric CEO Sohinder Gill stated.
“This partnership will enable us to provide interested customers with the flexibility to purchase an electric two-wheeler in easy monthly instalments while riding clean mobility. It further enables us to explore different channels to lease and supply our scooters and contribute towards a carbon-free future with EVs,” he added.
Commenting on the partnership, RevFin Founder Sameer Agarwal stated, “Commercial two-wheeler adoption is still low in India, where finance is one of the largest challenges. Through this association, we expect to change this trend and power the government’s plans to increase electric mobility penetration in the country.”
The partnership goals to create higher alternatives for riders who intend to make use of electrical two-wheelers (e2Ws) for industrial functions like e-commerce deliveries, ride-sharing, Hero Electric stated.
The companions have inked an settlement to collectively finance 2.5 lakh leased e2Ws over the subsequent three years and collaborate with a number of e-commerce, logistics, and fleet operations corporations to meet the target, the assertion stated.
Hero Electric has over 750 gross sales and repair shops unfold throughout the nation, whereas RevFin has presence in 18 states, together with UP, Bihar, UK, Haryana, Uttarakhand and Jharkhand.
Source: www.financialexpress.com”