evfin partners with Ather Energy to offer first-in-industry financing solutions

Greaves Finance Limited, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd, under its brand evfin has announced its partnership with Ather Energy, India’s leading electric two-wheeler manufacturer. evfin’s partnership with Ather Energy will grant their customers exclusive access to a diverse range of financing solutions customised to cater to their individual needs and preferences. This partnership aims to revolutionise the electric vehicle ownership experience, enhancing convenience and appeal for potential EV owners.

Ather Energy’s customers will have the exclusive privilege of accessing five curated financing schemes from evfin, each thoughtfully tailored to accommodate a diverse range of needs and preferences with a core focus on buyback and upgrade.

Ride.fin (Buyback), presents an opportunity for customers to enjoy the Ather 450X at affordable EMIs. They are given the flexibility to either return the vehicle after four years or to continue with the same EMIs for an additional year.

For Upgrade, evfin offers Smart.fin an assured buyback program, allowing customers to upgrade to the next generation of Ather electric two-wheelers effortlessly.

For those seeking a secure financing option, protect.fin (Secured) will provide classic finance schemes and extended warranty plans for five years, ensuring peace of mind and additional protection.

On the other hand, zip.fin (Lowest ROI) will cater to cost-conscious customers by offering the lowest interest rate, starting at just 3.99% ROI.  With these options, Ather Energy’s customers can select the financing solution that best aligns with their requirements.

Sandeep Divakaran, CEO of Greaves Finance Limited, commented, “Partnering with Ather Energy ignites our enthusiasm to transform the affordability of electric vehicles.  Together, we aim to elevate the customer experience to new heights and overcome any obstacles hindering widespread EV adoption.  Ather Energy’s valued customers now have the chance to embrace sustainable and efficient electric mobility with our tailored financing solutions, unlocking a future of limitless green transportation possibilities.”

Ravneet Phokela, CBO, Ather Energy states, “With the rising demand for premium electric two-wheelers, attractive financing schemes have become essential in easing the ownership journey of customers and EV intenders. As a part of Ather’s pioneering efforts to make EVs more accessible, we are happy to announce our partnership with evfin – a key financial services provider exclusively dedicated to electric mobility. Since inception, Ather has been collaborating with renowned retail players, banks, and NBFCs to offer lucrative financing options to our customers. Now, with the innovative finance solutions offered by evfin, we take another step forward in making the Ather 450 Series even more affordable and accessible to more users across the country.”

The partnership between evfin and Ather Energy is a testament to the commitment to accelerating electric mobility adoption in India.   As the country moves towards a greener and more sustainable future, this collaboration will facilitate EV ownership and contribute to a cleaner environment.