EkoTejas Partners With Several Financial Institutions To Provide Affordable EV Financing Options

A file photo of EkoTejas Reco

EkoTejas is an Andhra Pradesh-based manufacturer of electric two-wheelers. It has partnered with Bajaj Allianz and SBI insurance among others to provide EV financing options. The company announced it had recently partnered up with seven financial institutions, insurers, and Non-banking financial institutions (NBFCs), including Bajaj Finance, Shriram Insurance, TJSB Bank, and SBI insurance.

EkoTejas claims that these partnerships are helping customers to buy electric two- and three-wheelers at affordable prices. According to the company, it claims to have a dealer presence in ten states, including Maharashtra, Bihar, Haryana, Odisha, Madhya Pradesh, Uttar Pradesh, Telangana, Tamil Nadu, Andhra Pradesh, and Karnataka.

K Venkatesh (Co-founder of EkoTejas) commented on the announcement. He said that “We are trying to normalize electric vehicles in every household. We are certain that EVs will be widely accepted by Indian consumers because of all the added benefits. This year’s Union Budget will assist the EV industry in its efforts to accelerate adoption.”

Ekotejas will launch the high-speed motorcycle “E-Dyroth” this year. The company claims that this electric motorcycle is the first in its class in the EV market. This electric motorcycle can reach 100 kmph with its high-RPM mid-drive motor (4 kW).

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