Homegrown e2W maker Hero Electric announces its partnership with RevFin to provide readily available loans to EV riders across India.
The partnership strives to create better opportunities for riders who intend to use e2Ws for commercial purposes like e-commerce deliveries and ridesharing, among others, the company said.
Under the partnership, both the parties will jointly finance and lease 250,000 e2Ws over the next three years and collaborate with multiple e-commerce, logistics, and fleet operations companies to fulfil the objective, a communication from the e2W maker stated.
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.”
Sameer Aggarwal, Founder, RevFin, said, “Commercial two-wheeler adoption is still low in India, where finance is one of the largest challenges. Through this association, we expect to change this trend and power the Government’s plans to increase electric mobility penetration in the country.”