Hero Electric announced its partnership with Revfin to provide loans to EV riders across India and to create better opportunities for those who use electric two-wheelers for commercial purposes like e-commerce delivery, ridesharing etc. intend to use. Both the companies have entered into an agreement jointly. Finance and leasing 2.50 lakh electric two wheelers over the next three years and collaborate with several e-commerce, logistics and fleet operations companies to fulfill the objective.
Read also: Hero Electric Partners with EVIFY to Transform Last Mile Delivery Services
Hero Electric CEO Sohinder Gill said, “Fleet electrification by business has been one of the key conversations driven by the government to negate the carbon footprint across the country. With the delivery and e-commerce segments growing rapidly, Hero aims to support and drive the EV transition through partnerships to strengthen the B2B segment.
Hero Electric Optima HX
RevFin has presence in 18 states, including UP, Bihar, Haryana, Uttarakhand and Jharkhand, which support the underserved segment. Hero Electric has forged several such partnerships to make electric vehicles more accessible and affordable and to further its green ambitions.
Gill said, “This partnership will enable us interested customers to buy electric two-wheelers in easy monthly installments while riding clean mobility. This further enables us to explore various channels for leasing and supplying our scooters and contribute towards a carbon free future with EVs. ,
Hero Electric currently has a market share of over 36 per cent.
Read also: Hero Electric partners with SBI to offer finance solutions for electric scooters
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In February this year, Hero Electric joined hands with State Bank of India (SBI) to offer a two-wheeler finance solution for its range of electric scooters, allowing customers to choose to buy any Hero electric scooter, in addition to ₹ 2,000 will be available. Discount on payments made through YONO, SBI’s integrated digital banking platform. The electric two-wheeler maker also partnered with EVIFY, a tech-enabled electric vehicle-based logistics company, with Hero to deploy 1,000 electric scooters in EVIFY over the next two years.
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