Greaves Finance, which is a wholly owned subsidiary of Greaves Cotton, under its ev-focused lending platform evfin, announced its partnership with River Mobility, a Bengaluru-based startup, building multi-utility electric scooters. This collaboration aims to provide potential River customers access to competitive financing options, including low-interest loans and leases, making River vehicle ownership easier.
The company proposes to offer River customers a loan starting at an interest rate of just 5.99%, ensuring River products to be more accessible to a larger base of potential EV owners. Additionally, evfin’s digital platform ensures a quick application process, with loan approvals secured in under 5 minutes.
Speaking on the partnership, PB Sunil Kumar, CEO, Greaves Finance said, “Our tailored financing solutions will provide consumers with optimal value and competitive deals on their offerings.”
A River Spokesperson stated that their partnership with evfin will benefit River customers, by offering customised financial solutions for future purchases.
evfin offers a variety of financing options and is available in leading EV two-wheeler dealerships like Ather Energy, Ampere from Greaves, Vida from Hero Motocorp, OLA Electric, Bajaj Chetak, and TVS iQube across 31 cities in India.
