Posted inEV & Battery

Ecofy and TVS Motor team up to revolutionise EV three-wheeler financing in India

The partnership merges Ecofy’s financing solutions with TVS’s expertise to boost EV growth by 2025.

Ecofy has partnered with TVS Motor Company to transform the landscape of electric three-wheeler financing in India. This collaboration aims to enhance the adoption of electric three-wheelers and promote sustainable mobility across the country.

Rajashree Nambiar, Co-Founder, MD & CEO of Ecofy, stressed that the partnership aligns with their commitment to a clean energy future, enabling comprehensive financing solutions for passenger and cargo electric three-wheelers. She highlighted that leveraging TVS Motor’s extensive industry experience and robust distribution network will significantly impact EV financing. Ecofy anticipates notable growth in the fiscal year 2025, marking a key milestone in its expansion.

Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, stated that this collaboration merges their manufacturing expertise with Ecofy’s innovative financial services, aiming to drive growth and provide sustainable mobility solutions. Together, they will introduce customised financing schemes to make TVS electric vehicles more accessible and affordable, redefining the future of EV financing in India.