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evfin partners with Ather Energy to offer first-in-industry financing solutions with Buyback for Ather two-wheelers
NBFC firm Greaves Finance, a wholly owned subsidiary of Greaves Cotton under its brand evfin, said it has partnered with EV maker Ather Energy to offer a diverse range of financing solutions for electric two-wheelers.
As part of the partnership, Ather Energy's customers will have access to five curated financing schemes from evfin, each centred around the concept of buyback and upgrade, the release said.
The Ride.fin scheme offers affordable EMIs on the Ather 450X with the flexibility to return after 4 years or continue with the same EMIs for an additional year.
For customers who want to upgrade, The Smart.fin program allows customers to upgrade to next-gen Ather models through a buyback plan.
Protect.fin targets those customers who want secured financing and a 5-year extended warranty on electric scooters. For the value-conscious segment, ‘zip.fin (Lowest ROI)‘ offers the lowest interest rate starting at just 3.99 per cent RoI.
Ravneet Phokela, CBO, Ather Energy, said, "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.
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.
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