Greaves Electric Mobility (GEM) has entered into an agreement with Bike Bazaar Finance for financing of the former’s ELE-branded L3 electric vehicles. This partnership with an E3W company is the first of its kind for Bike Bazaar and will initially take effect in UP and Bihar, with plans to expand nationwide in the near future.
Offering to finance up to 85% of the on-road price, the duo aims to enable more customers to access ELE L3 electric vehicles. As per Sanjay Behl, CEO & Executive Director, Greaves Electric Mobility, this agreement aims to improve customer access to hassle-free and easy financing options, streamline the purchase process, and reduce barriers to adopting electric three-wheelers.
He said, “We are thrilled to announce that we have partnered with Bike Bazaar Finance to further accelerate the adoption of the L3 electric three-wheeler sector and move towards a more sustainable and emission-free future.”
Karunakaran V, Joint MD & Co-Founder, Bike Bazaar Finance said, “Greaves Electric Mobility's initiative towards promoting clean energy through electric vehicles is something that Bike Bazaar takes great pride and privilege in partnering with. As a company dedicated to positively impacting the ESG space, we share a common vision with GEM towards a sustainable world. We are optimistic that our partnership will pave the way for new milestones in the three-wheeler industry and further the cause of clean energy in India.”