Electric 3-Wheelers
Non-banking finance company (NBFC) EcoFi has announced a partnership with TVS Motor to provide loans for three-wheelers. The strategic collaboration aims to accelerate the adoption of electric three-wheelers in the country and promote environment-friendly transportation, the two companies said in a joint statement. Eversource Capital-backed EcoFi is a non-banking finance company (NBFC) providing financing for the green sector.
promote clean energy
TVS Motor Company is the country’s leading two-wheeler and three-wheeler manufacturer. In this regard, Rajshree Nambiar, Co-Founder, Managing Director (MD) and Chief Executive Officer (CEO), EcoFi, said in a statement, “This partnership with TVS Motor Company is in line with our commitment towards clean energy. “With TVS Motors’ strong distribution and network, we will be able to offer comprehensive financing solutions for both passenger and cargo electric three-wheelers.”
Strong growth expected
He said that we expect strong growth in the current financial year, which will be a milestone in our expansion journey. Rajat Gupta, Commercial Vehicle Business Head, TVS Motor Company, said, “Collaborating with EcoFi will allow us to combine our manufacturing expertise with their innovative financial services. This is in line with our commitment to provide environment friendly transportation solutions.”
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