Log9 Mobility, a wholly-owned subsidiary of superior battery-tech startup Log9 Materials, has availed a Rs 10 crore debt-financing facility from sustainable power financing agency cKers.
cKers, which is concentrated on financing sustainability and clear power, has supplied an preliminary facility of Rs 100 million to Log9 Mobility which is getting used to speed up the deployment of EVs built-in with Log9 Material’s quick charging batteries underneath a Mobility as a Service (MaaS) mannequin, an organization assertion mentioned.
“We are delighted to partner with cKers Finance to enable deployment of Log9 battery-based vehicles in India,” mentioned Akshay Singhal, Founder & CEO, Log9 mentioned, Log9 is repeatedly engaged on integrating its battery expertise with electrical car OEMs for various type components together with e-2/3/4 wheelers and e-buses, he mentioned.Deepak Gupta, Business Development Head at cKers mentioned, “cKers has been investing in EVs for over two years now and has already committed lines enabling the deployment of over 3,000 e2Ws and 1,000 electric three-wheelers-loaders, giving it a head start in financing clean mobility”.
The firm has launched its Driver-cum-owner (DCO) program, which is able to create accessibility of inexperienced finance for drivers seeking to turn into house owners and shift from conventional fossil fuel-based ICE autos to EVs, he added.Log9 Mobility is deploying over 1,000 Omega Seiki’s Range+ RapidEV three-wheelers underneath the MaaS mannequin with third-party logistics (3PL) service suppliers, mentioned the discharge, including, the mannequin permits prospects to onboard autos with no upfront capital price or must personal the car.
Source: www.financialexpress.com”