Chennai based Deccan Finance, under the brand name ‘Ride-Two Wheeler Loans’, has partnered with Greaves Finance to jointly support the financing of Ampere electric vehicles in Tamil Nadu and Karnataka.
The company will finance all two-wheelers, including new, used and electric two-wheelers and hybrid bicycles.
The loan will be offered at subsidised rates to 1,000 working women and students, a statement from the financing company said.
Additionally, the partnership will be extended to Telangana and other markets in India in a phased manner, it added.
Rajesh Rao, Whole Time Director, Deccan Finance, said that under Ride Electric – Two Wheeler Loan, Deccan Finance will fund most EVs, especially low speed, to empower middle-class masses to fulfil their dream of mobility.
The company said that the ‘Ride’ platform can completely digitalise customers. The entire repayments process is digitalised, thus, providing customers with the ease of loan payments.