BattRE Electric Mobility (BattRE), a pioneering e-mobility company dedicated to providing sustainable and high-performance commuting experiences, has announced a strategic collaboration with eight prominent financial institutions to offer attractive and hassle-free financing solutions for customers looking to purchase BattRE’s e-mobility range. The move aims to enhance ease of ownership and accessibility to electric vehicles (EVs) and foster growth in the EV two-wheeler market.
BattRE has partnered with India’s leading and diversified financial services group, including Bajaj Finance, ICICI Bank, Vidharbh Konkan Bank, DNSBL, Zest Money, Credit Fair, Loan Tap, and EZ Finanz, to make their electric two-wheelers more accessible to a wider customer base. Through these partnerships, customers can obtain up to 90% finance starting from a competitive 7.5% rate of interest, with a flexible repayment period of 36 months. Additionally, customers can benefit from swift vehicle loan approvals and simplified documentation procedures. These financing schemes are applicable to all of BattRE’s electric two-wheelers, including both low-speed and high-speed vehicles.
Nishchal Chaudhary, Founder and CEO of BattRE, expressed delight over the collaboration, stating, “We are delighted to partner with eight esteemed financial organizations to offer lucrative financial solutions for the convenience of our customers. This is a significant step towards encouraging electric mobility solutions in India. These simplified financial schemes will make e-mobility accessible to a larger customer base. With these collaborations, BattRE aims to assure its customers a smooth and hassle-free transition to sustainable mobility and contribute to a pollution-free environment.”
The partnership with these financial institutions aims to streamline the financing process, making EV two-wheelers more affordable and accessible to customers. With faster loan approvals and nominal documentation requirements, BattRE aims to simplify the purchasing experience for customers, encouraging a smoother transition to electric mobility.
Considering the growing interest and enthusiasm among customers towards e-mobility purchases, BattRE’s mission is to facilitate easy purchases with flexible and lucrative financial schemes. The company is confident that engaging with esteemed financial organizations will strengthen their ability to cater to the robust e-mobility ecosystem and further encourage customers to embrace sustainable transportation.
BattRE Electric Mobility, founded in 2017, has rapidly become a leading player in the electric scooter market, offering a range of lifestyle-complementary electric city scooters. With a network of over 400 dealerships in more than 21 states across India, the company has already sold over 40,000 units. As a “Make in India” organization, BattRE prides itself on being tech-rich and intensely innovative, having secured 20 patents for its electric scooters and upcoming motorcycle.
The company’s commitment to sustainability is evident in the positive impact of their electric scooters on the environment. BattRE’s EVs have achieved a net monthly reduction of 6.4 lakh kgs of CO2 emissions, resulting in a staggering saving of Rs 4.8 crore in monthly fuel costs alone.
With this new collaboration, BattRE Electric Mobility is poised to strengthen its position in the e-mobility market and continue driving the adoption of electric vehicles across India. The availability of attractive financing options from reputable financial institutions will undoubtedly fuel the growth of the EV industry and contribute to a greener and cleaner future for all.
