Greaves Electric Mobility Ltd. (GEML), a leader in the Indian electric vehicle space with eight national records to its name, today announced a strategic partnership with Perpetuity Capital, a prominent Non-Banking Financial Company (NBFC). This collaboration aims to significantly expand affordable retail financing options across GEML’s entire electric two-wheeler (E2W) and three-wheeler (E3W) portfolio, boosting EV adoption across India.
The partnership is designed to make owning a Greaves electric vehicle easier and more accessible, strengthening the EV ecosystem in the country.
Making EVs More Accessible: Key Financing Benefits
Through this collaboration, customers looking to purchase Greaves Electric Mobility vehicles, including the award-winning Ampere electric scooters and the record-holding Greaves Electric 3-Wheelers, can now benefit from attractive and easy financing options.
Key financial benefits include:
- Low Interest Rates: Starting from as low as 9.99% for E2W and 11% for E3W.
- High Funding Amount: Customers can avail funding of up to 90% of the vehicle cost.
- Flexible EMIs: The partnership offers flexible Equated Monthly Instalment (EMI) options, making repayments manageable.
This strategic tie-up is focused on enhancing customer affordability, strengthening dealer network sales, and accelerating GEML’s business expansion in India’s rapidly growing EV market.
Driving Democratization and Sustainable Growth
Both Greaves Electric Mobility and Perpetuity Capital emphasized the goal of making EVs accessible to a wider audience and empowering individuals.
Manoj M. P., Chief Business Officer at Greaves Electric Mobility Ltd., stated, “At Greaves, our focus has been on democratising India’s EV journey… The partnership with Perpetuity Capital is another commitment towards this, and will further strengthen our retail finance offerings, helping customers become proud owners of vehicles that are durable, practical, and built for India’s realities”. He added that this initiative helps in “unlocking opportunities and empowering livelihoods”.
Karamveer Singh Dhillon, Founder & CEO of Perpetuity Capital, added, “Through our partnership with Greaves Electric Mobility we hope to democratise credit access for drivers and entrepreneurs at the heart of India’s EV transition. We aim to combine financial inclusion with environmental impact to power sustainable growth”.
Greaves Electric Mobility: Engineering Excellence
Backed by a 165-year Greaves engineering legacy and over 17 years of EV expertise, GEML continues to deliver made-in-India mobility solutions known for durability and performance. Their vehicles feature class-leading attributes like LFP batteries, dual frame chassis (in 3Ws), and advanced tech such as 7” TFT touchscreens with full map navigation. This financing partnership will make GEML’s innovative and reliable electric vehicles even more accessible to consumers across the country.
Frequently Asked Questions (FAQs)
1. What is the new partnership announced by Greaves Electric Mobility? Greaves Electric Mobility Ltd. (GEML) has partnered with Perpetuity Capital, an NBFC, to offer affordable retail financing for its electric two-wheelers and three-wheelers.
2. What are the main benefits of this financing scheme for customers? Customers can get low interest rates (starting at 9.99% for E2W, 11% for E3W), financing up to 90% of the vehicle cost, and flexible EMI options.
3. Which vehicles are covered under this financing partnership? The partnership covers the entire electric two-wheeler (E2W) and three-wheeler (E3W) portfolio from GEML, including Ampere scooters and Greaves Electric 3-Wheelers.
4. What is the goal of this collaboration between GEML and Perpetuity Capital? The primary aim is to expand affordable retail EV financing, boost EV adoption across India, support dealer sales, and democratize access to electric vehicles.
5. What makes Greaves Electric Mobility vehicles stand out? GEML vehicles are backed by a long engineering legacy and feature durable designs, LFP batteries, advanced touchscreens with navigation, and hold multiple national records for performance and range.
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