Kinetic Watts & Volts Partners with Leading Financiers for DX EV Range
Kinetic Watts & Volts Ltd., the electric mobility subsidiary of the Kinetic Group, has established a comprehensive retail finance ecosystem to support its electric scooter lineup. By forming strategic partnerships with Hero FinCorp Ltd, Bajaj Finserv Ltd, and CleverPe, the company aims to accelerate EV adoption across India.
Enhancing Accessibility for the Kinetic DX and DX+
These collaborations focus on making the Kinetic DX and DX+ electric scooters more accessible to a broad range of consumers. The financing framework combines traditional EMI-based lending from established institutions with digital-first, technology-enabled payment options provided by fintech platforms. This dual approach ensures that diverse customer profiles, including first-time EV buyers and digitally savvy urban users, have flexible payment choices.
Seamless Purchase Experience at Dealerships
The new finance options are available directly at Kinetic EV showrooms, aimed at creating a seamless purchase experience. Key benefits of this retail finance network include:
- Reduced Upfront Costs: Tailored finance options help lower the initial barrier to ownership.
- Simplified Documentation: The digital layers provided by partners like CleverPe focus on speed and transparency.
- Nationwide Reach: The scale and trust of Hero FinCorp and Bajaj Finserv provide support across Kinetic’s expanding authorized dealer network.
Strategic Market Expansion
This financial infrastructure is a critical component of Kinetic’s phased, market-by-market expansion strategy. As production and sales scale up across various regions, having dependable retail finance ensures the company is ready for increased registrations and consumer demand.
Mr. Ajinkya Firodia, Vice Chairman & Managing Director of Kinetic Watts & Volts, noted that these partnerships reinforce the confidence leading financial institutions have in Kinetic’s EV products and long-term vision. The Kinetic DX range features Range-X LFP battery architecture and is designed to modernize an iconic Indian scooter for the electric era.
Frequently Asked Questions
Which financial institutions have partnered with Kinetic Watts & Volts? Kinetic has partnered with Hero FinCorp Ltd, Bajaj Finserv Ltd, and CleverPe to provide retail financing.
Which electric scooter models are covered under these finance options? The financing solutions are specifically designed for the Kinetic DX and Kinetic DX+ electric scooter range.
Where can I apply for these financing options? Customers can access these tailored finance options directly at authorized Kinetic EV showrooms.
What are the benefits of the new finance ecosystem? The ecosystem offers flexible EMI-based lending and digital payment options, leading to reduced upfront cost barriers, simplified documentation, and a faster purchase process.
What technology powers the Kinetic DX range? The scooters are equipped with Range-X LFP battery architecture, engineered for safety, reliability, and everyday usability.
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