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OTO, which is a two-wheeler buying and financing platform, said that it has partnered with EV maker PURE EV to accelerate adoption of electric vehicles in the country. With this, PURE EV vehicles will be made available through the OTO’s platform across five cities, with the collaboration aiming to sell and finance over 1,000 two-wheelers by December in addition to expanding business pan-India.
Also, PURE EV will showcase its range of scooters to e-bikes on the OTO platform and offer flexible financing options for customers such as affordable interest rates and the innovative ownership monthly instalments (OMIs) to customers.
OTO operates a financing model for 2-wheelers where the buyer pays an upfront amount like any other loan but gets up to 35 per cent lower EMIs with an option to retain, return or upgrade at the end of the tenure.
Sumit Chhazed, Co-founder, OTO said – “The Indian two-wheeler market has maintained a steady growth. While this has been driven by internal combustion vehicles, we take great pride in partnering with PURE EV in the journey of transforming the Indian market by making EV ownership more accessible.”
Rohit Vadera, Co-founder, PURE EV said, “We recognise that OTO has developed the discovery platform and financing options that will bring PURE EV to a larger set of customers and push towards greater adoption.”