Kinetic Green Energy and Power Solutions, an Indian electric vehicle manufacturer, has partnered with Tata Capital to enable customers wishing to purchase Kinetic Green’s electric two-wheelers to access digital loans at Kinetic Green dealerships across India.
Kinetic Green has so far designed, manufactured and cumulatively sold more than 45,000 electric vehicles and achieved sales of Rs 500 crore.
The company said loan disbursement is seamless as loan decisions can be made in a fixed 15 minutes. Thanks to this collaboration, customers will benefit from an attractive interest rate, a loan of up to 85% of the value of the two-wheeler, a repayment period of up to 36 months and a Low EMI depending on customer eligibility.
Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, said, “With attractive financing options provided by Tata Capital, the partnership will further drive the green mobility shift, leading to a seamless ownership experience.
Sarosh Amaria, Managing Director of Tata Capital Financial Services, said: “Through our simple and affordable financing solutions, we want to facilitate the adoption of electric vehicles for buyers of Kinetic Green two-wheelers. We look forward to a mutually beneficial partnership with Kinetic Green.
Kinetic Green is developing ARAI-approved electric 3-wheelers and lithium-ion battery technology on their cars in India. Kinetic Green’s mission is to provide mobility to millions of people. The company has over 500 dealerships serving customers in over 20 Indian states.