New Delhi: Greaves Finance Limited, a non-banking financial company (NBFC) and a subsidiary of Greaves Cotton Ltd., has partnered with Bengaluru-based startup River Mobility Private Ltd. to provide competitive financing options for River’s multi-utility electric scooters under the evfin platform. This initiative aims to make River vehicle ownership more accessible across the nation by offering low-interest loans and lease options.
Under this collaboration, evfin will offer River customers loans starting at a competitive interest rate of 5.99%. The goal is to cater to a broader audience of potential electric vehicle owners by making River products more accessible.
The evfin platform boasts a state-of-the-art digital interface that ensures swift and hassle-free loan application processes. Customers can secure loan approvals in under 5 minutes, providing a seamless experience and eliminating barriers to the purchase of electric vehicles.
The collaboration also includes innovative upgrade and buyback programs, allowing River customers to transition effortlessly to the latest models or take advantage of attractive buyback opportunities. This ensures maximum value for their investment in River products.
Financing choices
Evfin offers a range of financing options to suit different needs. Zip.fin is designed for budget-conscious buyers looking for the lowest interest rates. Eco.fin caters to environmentally driven consumers. Smart.fin is aimed at tech-savvy early adopters who value future upgrade possibilities. Ride.fin benefits daily commuters with low monthly payments, while Protect.fin provides extended warranties and resale value assurance.
P. B. Sunil Kumar, CEO of Greaves Finance Limited, stated,”It is a privilege to collaborate with River Mobility, a company that aligns with our vision of empowering consumers. River Mobility has demonstrated impressive growth and introduced high-quality products to the market. Through our partnership, we are committed to enhancing the accessibility of River’s products to a broader audience. Our tailored financing solutions will provide consumers with optimal value and competitive deals on their offerings.”
Evfin’s financing options are available at all leading EV 2-wheeler dealerships, including Ather Energy, Ampere from Greaves, Vida from Hero Motocorp, Ola Electric, Bajaj Chetak, and TVS iQube, across 31 cities in India.
A spokesperson from River Mobility highlighted the benefits for customers, “At River, we prioritise exceptional customer experience and satisfaction. Our partnership with evfin is a step in that direction. We believe this will benefit River customers by offering tailored financial solutions for future Indie purchases.”
