Nowadays, electric vehicles are gaining popularity especially due to technological advancements, awareness, and government initiatives. As EVs demand is increasing the need for financing options is also becoming important.
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Here in this article, we see some top EV financing companies in India that are playing a very important role in supporting the growth of electric mobility.
Best 10 EV Financing Companies in India
Here is the list of the Top 10 EV Financing Companies in India
1. Revfin
Revfin is one of the prominent digital consumer lending platforms that aims to help financial inclusion in India. Through its advanced technology and non-traditional data analysis, the platform provides convenient and accessible loan options to individuals.
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They also expanded its services to the 4W EV segment through a strategic partnership with Zappit for airport pick-up services. Apart from this they also partner with other EV manufacturers and leasing companies.
2. Greaves Finance
Greaves Finance is part of Greaves Cotton Limited. It is one of the well-known players in the EV financing sector.
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The platform provides the best loan terms, simplified documentation processes, and personalized customer service.
3. Ecofy
Ecofy is one of the leading players in the world of EV financing, its main goal is to offer affordable and easy-to-access financing options for electric vehicles.
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The platform is known for its hassle-free loan approvals, minimal documentation, and attractive interest rates. Their dedication to promoting sustainable mobility is reflected in their efforts to make financing options more accessible to a wider audience.
4. OTO
OTO helps customers to secure instant approval and they can easily purchase their new vehicle in less than 30 minutes with zero paperwork.
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Mufin Green Finance – Mufin Green Finance (MGF) stands as one of the prominent players in the EV financing space. It provides the best financing solutions for electric two-wheelers, three-wheelers, and four-wheelers. Apart from this they also provide competitive interest rates, flexible repayment options, and quick loan disbursals. Its main goal is to promote the adoption of EVs and contribute to a greener future.
5. Alt Mobility
ALT Mobility is a new-delhi-based platform where that provides a full-stack EV leasing platform. It provides zero-emission affordable, reliable electric vehicle as a service EVaaS.
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It simplifies financing and offers reliable technology to help city deliveries switch to electric vehicles.
6. Ascend Capital
Ascend Capital stands as one of the leading financial services companies where that offer complete financing solutions for electric vehicles. With a focus on a customer-centric approach, Ascend Capital offers full support throughout the financing process, ensuring a smooth experience for individuals aiming to buy EVs.
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Apart from this they also provide competitive interest rates, flexible repayment options, and personalized assistance to meet the distinct needs of its customers.
7. Vidyuttech
Vidyuttech is a Bengaluru-based digital platform where that provides flexible EV financing solutions and guarantees resales of small commercial EVs. It was founded by Kothi and Gaurav Srivastava in 2021.
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The platform helps businesses by providing them with EV financing and ownership plans that take away the risk of owning a battery. They help Commercial vehicle owners to buy EVs without buying the battery.
8. Rupyy
Rupyy is a fintech technology company associated with the CarDekho Group, they recently entered into the electric vehicle financing segment. According to Rupyy, they cover up to 100 % of the on-road price for selected EV customers.
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9. Credit Fair
Credit Fair is a consumer-lending fintech start-up founded by Aditya Damani in 2018. As people shifted from regular cars to electric ones, the credit fair also started giving loans for EVs. They offer 0% low-cost, short-term, unsecured installment loans right when you’re making a purchase.
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Conclusion
The Indian market for electric vehicles is experiencing rapid growth whether they are two-wheeler or four-wheeler. It has become a promising sector for consumers, investors as well as EV financing companies. These companies help people buy Electric vehicles.
Frequently Asked Questions (FAQs)
Is buying an Electric vehicle is good investment?
Yes, buying an electric vehicle is a good idea because currently the government is giving subsidies and also they are very low maintenance.
Who founded OTO?
OTO is founded by Harsh Saruparia.
Which are the Top 10 EV Financing Companies in India?
Revfin, Greaves Finance, Ecofy, Mufin Green Finance, OTO, Rupyy, Credit Fair, Alt Mobility, and Ascend Capital are the Top 10 EV Financing Companies in India.
