AMU Leasing, India’s only woman-led technology-driven NBFC business exclusively serving the electric vehicle ecosystem, has announced its expansion plans.
Headquartered in New Delhi, the company plans to grow exponentially in seven cities - Gorakhpur, Varanasi, Azamgarh, Lucknow, Karnal, Panipat, and Rohtak.
The expansion of business is aimed at facilitating easy loans to customers. AMU Leasing aims to assist in developing micro-enterprise and self-employment programmes for residents of Tier-2 and Tier-3 cities, noted Nehal Gupta, Director of AMU Leasing.
She said, “We believe that Tier-2 and Tier-3 cities possess the potential to emerge as profitable markets for EV financing which can improve livelihoods and uplift the economy. The company has recruited new employees. Hiring helps streamline business processes and provides an avenue to create expertise.”
The company said that it has successfully served over 2,000 clients by assisting them clock more than INR 300 million in revenue over the lifespan of their vehicles. The firm aims to finance one million EVs by 2030.
Also Watch