Greaves Cotton’s Subsidiary Partners with River Mobility to Enhance EV Ownership Experience

On August 20, 2024, Greaves Cotton Ltd announced that the company’s wholly-owned subsidiary, Greaves Finance Limited, under its 100% ev-focused lending platform evfin, announced its partnership with River Mobility Private Ltd.

River Mobility Private Ltd is a Bengaluru-based startup specialising in stylish, multi-utility electric scooters. This collaboration aims to offer River’s customers nationwide access to Greaves Finance’s EV-focused lending platform, evfin, which provides competitive financing options such as low-interest loans and leases.

evfin is committed to transforming the electric vehicle ownership experience by offering loans with interest rates starting as low as 5.99%. This partnership will make River’s electric scooters more accessible to a wider audience. The state-of-the-art digital platform of evfin ensures a fast and seamless application process, with loan approvals granted in under 5 minutes, removing barriers to purchasing electric vehicles.

In addition to financing, evfin introduces innovative upgrade and buyback programs, allowing River customers to confidently transition to the latest models or benefit from attractive buyback offers. These programs ensure maximum value and a future-focused ownership experience.

Commenting on the collaboration, the CEO of Greaves Finance Limited, P. B. Sunil Kumar, said, “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.”

A Spokesperson from River stated, “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.”

evfin provides a range of financing options tailored to different needs: zip.fin for budget-conscious buyers, eco.fin for environmentally-driven consumers, and smart.fin for tech enthusiasts seeking future upgrades. Ride.fin is designed for daily commuters looking for low monthly payments, while protect.fin offers extended warranties and resale value assurance.

evfin’s financing options are available at leading EV 2-wheeler OEM dealerships, including Ather Energy, Ampere from Greaves, Vida from Hero MotoCorp, OLA Electric, Bajaj Chetak, and TVS iQube, across 31 cities in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.