Strategic Collaboration to Empower India’s E-Rickshaw Market with Affordable Financing Options
In a groundbreaking development, Bestway Agencies Private Limited (BAPL), a wholly-owned subsidiary of Greaves Electric Mobility Private Limited, has officially unveiled a strategic partnership with Akasa Finance Limited, a prominent player in the Indian e-rickshaw financing sector. This collaboration signifies a major milestone in the electric three-wheeler industry, ushering in cleaner and more cost-effective transportation options for customers across India.
As part of this innovative alliance, Akasa Finance is set to offer substantial financing options, covering 80% or more of the e-rickshaw’s ex-showroom price. Their tailored financial solutions will cater to BAPL’s expanding customer base in key regions such as Uttar Pradesh, Bihar, Assam, and West Bengal. With flexible loan tenures ranging from 18 to 21 months, the partnership ensures a seamless and hassle-free ownership experience, aligning perfectly with BAPL’s commitment to delivering exceptional customer satisfaction.
Sanjay Behl, CEO and Executive Director of Greaves Electric Mobility Private Limited, expressed his enthusiasm, stating, “Our shared vision of advancing last-mile electric mobility has paved the way for this collaboration, with a focus on providing accessible financial solutions. We aim to make e-rickshaws available to a broader spectrum of individuals.”
Rohit Mehta, Managing Director of Akasa Finance Ltd, echoed this sentiment, saying, “We are thrilled to join forces with Bestway Agencies Private Limited, a name synonymous with quality and innovation in the electric rickshaw industry. Our partnership transcends mere finance and manufacturing; it’s about forging a sustainable future and turning green mobility into a reality for countless individuals. By delivering tailored financing solutions, we aspire to empower entrepreneurs, drivers, and small businesses nationwide.”