India has become the largest market globally for electric three-wheelers, with over 580,000 units sold in 2023. This growth is fueled by government incentives and rising awareness of electric mobility. However, the high upfront cost of EVs remains a challenge for many buyers. To address this issue, there are several affordable financing options available for electric three-wheelers in India.
Vidyut, a Bengaluru-based EV startup, offers flexible financing options and a pay-as-you-go battery subscription model to reduce upfront costs by 40%. ALT Mobility provides EV leasing with zero upfront costs, while Ecofy offers hassle-free EV loans with competitive interest rates. Perpetuity Capital connects customers with banks and NBFCs for flexible EV loans, and Turno helps commercial vehicle operators switch to EVs with affordable financing and battery value guarantees.
These financing solutions make electric three-wheelers more accessible and appealing to a diverse range of buyers in India.
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