CredR, which is an omni channel platform has partnered with e-bike brand Crayon Motors for exchange of any petrol-based two-wheeler with the latter’s electric bike. Under this partnership, the customer can upgrade from any petrol two-wheeler to Crayon Motors’ e-bikes. At the time of exchange, CredR will offer instant quotes for old petrol scooters thereby reducing the upfront cost of the e-bikes.
CredR said that the program which is currently applicable in Delhi NCR and Jaipur will soon be expanded to other cities across the country, including Bangalore and Pune.
Sasidhar Nandigam, Chief Strategic Officer, CredR said that India’s e-mobility landscape is going to change dramatically post COVID-19 pandemic and the sales are expected to rise. As the sales of overall two-wheelers will see a boom, there will also be a rise in sales of second-hand e-two wheelers. Currently, electric mobility contributes to less than 1 percent of the two-wheelers market that can only increase from here. CredR is excited to partner with Crayon Motors in bringing about this shift in the market.
With convenience and hassle-free exchange of used two-wheelers for electric bikes, the customers will receive their new vehicle within days. An instant price quote/estimate will be generated through the proprietary pricing application powered by CredR. The company will verify the documents and the health of the petrol version of the two-wheeler during the exchange transaction. The price will then be adjusted against the final cost of the new Crayon Motors e-two-wheeler.
Mayank Jain, Director, Crayon Motors said that with increasing adoption of electric vehicles, the Indian mobility industry is undergoing a major transformation. Their customers will now have a hassle free experience exchanging their old two-wheelers while purchasing a Crayon Scooter.