Greaves Finance Limited Partners with River Mobility for EV Financing

Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd., announced a strategic partnership with River Mobility Private Ltd. on August 20, 2024. This collaboration aims to provide customized financing solutions for River’s electric scooters through the evfin platform, making these vehicles more accessible to consumers across India.

Customized Financing Solutions

The evfin platform will offer loans starting at an attractive interest rate of 5.99%, with approval processes as quick as five minutes. The partnership also includes exclusive upgrade and buyback programs for River customers, ensuring flexible and value-driven financial options. evfin's range of financing solutions includes:

• zip.fin: Quick and easy financing options.
• eco.fin: Environmentally friendly financial plans.
• smart.fin: Intelligent financing tailored to customer needs.
• ride.fin: Special plans for frequent riders.
• protect.fin: Comprehensive protection and financing solutions.

Leadership Statements

P. B. Sunil Kumar, CEO of Greaves Finance Limited, expressed enthusiasm about the partnership, stating, “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 Mobility highlighted the customer-centric focus of the collaboration, saying, “At River, we prioritize 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.”

Conclusion

This partnership between Greaves Finance Limited and River Mobility marks a significant step towards making electric vehicles more accessible in India. Through innovative financial solutions, the companies aim to meet diverse consumer needs and foster the growth of the electric vehicle market in the country.