Greaves Cotton and Greaves Finance collaborate with ElectricPe to improve accessibility for purchasing electric vehicles

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Greaves Finance Limited: Pioneering the Future of Electric Mobility with ElectricPe

In the rapidly evolving world of electric vehicles (EVs), Greaves Finance Limited, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd, is making waves with its innovative platform, evfin. This groundbreaking financial platform aims to revolutionize the world of EV financing and beyond.



Explore the innovative collaboration between Greaves Finance Limited and ElectricPe, pioneering the future of electric mobility. Learn about evfin, a groundbreaking financial platform revolutionizing EV financing, and how it contributes to a greener and more sustainable future.

 

A New Era of Electric Vehicle Financing

The Economic Survey 2023 highlights the pivotal role of the automotive industry in the shift towards green energy. It predicts that the domestic EV market will experience a remarkable compound annual growth rate (CAGR) of 49 per cent from 2022 to 2030, with an anticipated annual sales volume of one crore units by 2030.

To expedite the transition towards electric vehicles amidst their increasing adoption, it is crucial to address the complete lifecycle journey of EV usage for consumers. This is where evfin comes into play. Offering an unprecedented suite of innovative experiences, evfin ensures a superior EV journey throughout the ownership lifecycle, providing accessible and cost-effective financing options.


The Vision Behind evfin

"Greaves Cotton Limited is dedicated to a comprehensive ecosystem for diverse last-mile mobility. With cutting-edge products and services spanning components, retail and end-user vehicles, we are pleased to announce the launch of evfin, our sustainable financing platform, reinforcing our commitment to sustainability on World Environment Day," says Nagesh Basavanahalli, Vice Chairman, Greaves Cotton Ltd.

A Tailor-Made Experience for EV Customers

"evfin is India's first consumer finance technology platform fully dedicated to electric mobility and other sustainable solutions, supported by our advanced digital lending suite, innovative asset management technology, and nationwide reach. Our goal is to create an exceptional and tailor-made experience for our EV customers. Through our comprehensive range of personalized financing solutions, we aim to democratize access to EV consumers by offering the most cost-effective financing options. The evfin platform is specifically designed to provide an end-to-end lifecycle experience for EV owners, ensuring a unique and seamless ownership journey throughout their usage of electric vehicles," says Sandeep Divakaran, ED & CEO of Greaves Finance Ltd.


About Greaves Cotton Limited

Greaves Cotton Limited is a diversified multi-product and multi-location engineering Company with a rich legacy and brand trust of over 163 years and has established itself as a key player impacting a billion lives every day. The Company is a leading name in Fuel Agnostic Powertrain Solutions, E-Mobility, Aftermarket, Retail, Engineering Services & Finance. The Company’s diversification strategy is driven by customer centricity and sustainability. It is one of the few companies that has successfully developed the complete EV ecosystem in India. Greaves is powered by the purpose to touch a billion lives by 2030 and enable them to make a sustainable transition to clean mobility.

Conclusion

With its innovative approach to EV financing, Greaves Finance Limited is not just contributing to the growth of the EV market, but also paving the way for a greener and more sustainable future. By collaborating with ElectricPe, the company is set to redefine the EV landscape in India, making electric mobility more accessible and affordable for everyone.

Stay tuned for more updates on this exciting collaboration!

Disclaimer: The information provided in this blog post is based on the latest available data as of January 2024.

Keywords: Greaves Finance Limited, ElectricPe, evfin, Electric Vehicles, EV Financing, Sustainable Mobility, Green Energy, Non-Banking Financial Company, Greaves Cotton Ltd, Nagesh Basavanahalli, Sandeep Divakaran.

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