Ecofy has partnered with TVS Motor Company to empower the financing landscape for electric three-wheelers in India. The partnership is set to boost the adoption of electric three-wheelers, promoting sustainable mobility solutions in the country at a time when the electric vehicle (EV) market is experiencing rapid growth.
Rajashree Nambiar, Co-Founder, Managing Director, and CEO of Ecofy, expressed confidence in the partnership, stating that the collaboration with TVS Motor would enhance their ability to offer financing options that support sustainable mobility. She highlighted that leveraging TVS Motor's vast industry experience and distribution network would help Ecofy scale its operations and expand its influence in the growing EV market. Nambiar added that they expect substantial growth in the upcoming fiscal year as they work towards their goal of scaling their financing efforts.
Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, emphasised that the partnership would allow them to deliver greater value to customers in the electric three-wheeler segment. Gupta also stressed TVS Motor’s ongoing commitment to providing sustainable mobility options that contribute to cleaner transportation systems in India.
The collaboration will introduce customised financing schemes to make TVS electric three-wheelers more affordable. These tailored financial products are designed to encourage more consumers and businesses to switch to electric vehicles, ultimately reshaping the EV financing market in India.
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