Ampere Electric partners OTO Capital to launch Vehicle Leasing Plans

Ampere announced its partnership with OTO Capital, India’s first start-up to offer vehicle leasing plan for buyers.


The leasing option will be available from August 1st, 2020 exclusively in Bangalore. However, the plans are to extend the service to Pune, Hyderabad, Delhi, Chennai and Cochin by the end of this year.

With this partnership the consumer can enjoy an electric two-wheeler at an affordable lease rental within 48 hours by going through a quick documentation process. Interested consumers can book their vehicles through the OTO Capital website or directly through the dealerships.

Buyers can also have their scooter home delivered. Owing to this partnership, the cost of monthly payments will be significantly reduced for the owner. For example, an Ampere Zeal model that would cost INR 3,020 using other financial means can now be availed at an OMI (Ownership Monthly Instalment) of INR 2,220.

OTO Capital has observed a surge in the interest from buyers since the COVID-19 outbreak. With public transport coming to a standstill in most parts of the country, people are wary of using ride-sharing apps and hailing cabs and are ready to own their own vehicles at an affordable cost.

The company in a statement said-as a responsible brand, pioneering the cause of clean last-mile mobility in the country, Ampere vehicles address health-conscious citizens looking forward to buying smart products that are affordable & sustainable in the long run. With COVID pandemic, protection of health & wealth has assumed significant importance & Ampere are ready to support all eco-conscious customers with this unique value proposition.

These scooters enable 90% savings as against conventional scooters. Also, are zero-noise vehicles, promoting quiet drives and helping people to be calm and stress-free with less vibration and harshness which improves ride quality.