Hero Electric Partners With RevFin; To Finance & Lease 2.50 Lakh EVs
By Pratik Rakshit
1 mins read
17-May-22 09:13 PM IST
- Hero Electric announced its partnership with RevFin.
- It will provide loans to EV riders across India.
- Both companies have agreed to jointly finance and lease 2.50 lakh EVs.
Sohinder Gill, CEO, Hero Electric, said, “Fleet electrification by businesses has been one of the key conversations driven by the Government to negate carbon footprint across the country. With the delivery and e-commerce segments growing exponentially, Hero aims to support and steer the EV transition through partnerships to strengthen the B2B segment.”
RevFin has a presence in 18 states, including UP, Bihar, Haryana, Uttarakhand, and Jharkhand supporting underserved segments. Hero Electric has inked multiple such partnerships to make EVs more accessible and affordable and further its green ambitions.
Gill added, “This partnership will enable us to provide interested customers with the flexibility to purchase an electric two-wheeler in easy monthly installments while riding clean mobility. It further enables us to explore different channels to lease and supply our scooters and contribute towards a carbon-free future with EVs.”
In February this year, Hero Electric joined hands with the State Bank of India (SBI) to offer two-wheeler finance solutions for its range of electric scooters, which would allow customers to opt to purchase any Hero Electric scooter will get an additional Rs. 2,000 off 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, which involved Hero deploying 1,000 electric scooters to EVIFY over the next two years.
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