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iVOOMi partners with Bajaj FinServ and L&T to offer easy financing solutions for electric scooters

iVOOMi Energy will include all channel partners with over 50 locations around the country

Electric two-wheeler manufacturer iVOOMi Energy, has recently partnered with Bajaj FinServ and L&T, to promote the adoption of electric scooters through easy retail finance options to its consumers.

Under this partnership iVOOMi Energy will be providing hassle-free loans to customers, who can avail upto 100 % of the on-road prices of the electric two-wheelers with zero down payment.

  • All channel partners across 50 locations to provide financing services
  • Consumer will get 100% of the cost, with zero down payment

With the rising demand of EVs in the Indian market, the central and the state govt have been promoting easy finance options for the consumers which will further aid the green revolution.

In order to provide customers with viable buying options, iVOOMi and Bajaj FinServ have partnered to offer upto 100% EV finance at zero down payment with a minimal 7% interest rate.

With immediate effect, the company started offering its customers quick loans within 24 hours of their application.

Under the partnership, iVOOMi Energy aims to accelerate the growth of the electric vehicle (EV) ecosystem in the country and provides an option of financing services to both Bajaj Card holders and non-card holders alike to make the purchase of electric scooters more effective and accessible to all.

The financing options will be available pan India across all the 50 iVOOMi dealerships.

“Electric Vehicles (EVs) are a viable solution to combat air pollution and ensure a greener future for the planet. We are spearheading EV adoption by making them accessible to consumers at convenient and low interest rates. We are now executing the financing solution in an offline model, but will soon integrate the offerings on our internet portal, allowing users to purchase iVOOMi EVs from the comfort of their own homes. We feel that making EVs more convenient for consumers is important to driving EV adoption in India. We are excited to collaborate with Bajaj FinServ to accelerate EV adoption by providing consumers with relevant financial services.”

Mr Sunil Bansal, MD & Co-founder, iVOOMi Energy says,

Simple financing options are available based on a person’s credit history, and those who qualify can receive up to 100% of the on-road pricing of electric two-wheelers with no down payment.

The duration of the same can range from 3 months to 36 months or more.

iVOOMi Energy will include all channel partners with over 50 locations around the country that can take use of the aforementioned services, with an online financing option to be launched alongside the introduction of iVOOMi’s 2.0 D2C platform by Diwali season sale.

About iVOOMi Energy

Established in 2001 under the leadership of Mr Sunil Bansal and Mr Ashwin Bhandari, iVOOMi successfully made strides in different sectors such as telecommunication, audio equipment, technology accessories, DIY components, and smart gadgets.
Prior to iVOOMi, Mr Sunil has successfully laid the growth for Intex and has built and implemented business models in the shortest time.
While Ashwin holds a proven track record of successfully nurturing and propelling startups with technologically advanced products, right from consumer tech and smartphones.
Two have come together to share the vision of transforming traditional mobility to new-generation mobility.
The organisation has entered a new age of providing sustainable transportation solutions in order to drive the vision of a greener and cleaner future.
With its primary concept of delivering “eco-friendly products” infused with high-quality specs and world-class speed, efficiency, and innovation, the company intends to set a new bar in the EV sector.
The company has a large worldwide team of young and experienced professionals who have spent the last few years developing, manufacturing, and testing electric vehicles in order to create future-ready products for the Indian market.
This article was shared with Prittle Prattle News as a Press Release.
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