Greaves Electric Mobility Partners with Perpetuity Capital to Accelerate EV Adoption in India

Greaves Electric Mobility Ltd. (GEML), one of India’s top electric vehicle makers, has formed a partnership with Perpetuity Capital, a well-known non-banking financial company (NBFC) that provides vehicle financing. This collaboration aims to make it easier and more affordable for customers to buy electric two-wheelers (E2Ws) and three-wheelers (E3Ws) from GEML through simpler retail financing.

With this partnership, buyers can get loans that cover up to 90% of the vehicle’s price. This makes it easier for individuals and small business owners to switch to electric mobility. The financing plan offers competitive interest rates beginning at 9.99% for E2Ws and 11% for E3Ws. It also includes flexible EMI options to fit different customer needs.

Karamveer Singh Dhillon, Founder and CEO of Perpetuity Capital, commented that this initiative aims to improve access to credit and support small entrepreneurs who are advancing India’s electric mobility movement.

Through this partnership, GEML and Perpetuity Capital want to help the country move toward sustainable transportation. They aim to eliminate financial obstacles and promote the broader use of electric vehicles for personal and commercial use.

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