Matter, a start-up focusing on tech innovation, has partnered with OTO, a digital commerce platform and financing platform for 2-wheelers, to offer consumers affordable and flexible financing options for the AERA, a 22nd-century motorbike. The partnership is aimed at making electric 2-wheelers accessible in the Indian market. Finance for Matter AERA can be accessed with a click of a mouse through the OTO mobile app and website. Booking of the AERA is also made possible at the same time. This initiative takes a step forward in offering digital two-wheeler financing to customers via a paperless procedure at their convenience.
Electric scooters have seen a massive shift in the Indian two-wheeler industry. With the right electric motorbikes available, we can see a rapid transition to E-Motorbikes. As of June 22, the value and volume of two-wheeler loans have grown by 10.6% year-over-year. The companies want to lead the way in India’s electric vehicle revolution by offering flexible financing options for the country’s two-wheeler market, which accounts for 65% of the total. The increase in two-wheeler loans indicates that people are more willing to buy electric two-wheelers. This is good news for the economy and environment.
CEO and Co-Founder, of OTO, Sumit Chhazed said, “We’re thrilled to announce Matter as a partner, a company that shares our vision for a sustainable future. We at OTO are committed to delivering innovative transportation solutions to our clients. By partnering with Matter we are making a major step in providing eco-friendly, futuristic options. Our collaboration with Matter is a testament to our commitment towards promoting sustainable mobility and reducing the carbon footprint. We look forward to the positive results that will come from our combined efforts and remain committed to a greener, brighter future.”
Group CEO and Founder, Matter, Mohal Lalbhai said, “We are delighted to join forces with OTO and help lead the electrification of India.” We will be able to offer our customers a complete EV purchasing experience. This will make the transition to electric vehicles easier and more affordable. The partnership will apply online as well as at all Matter dealerships. This partnership aims to accelerate the adoption of EVs.”
Group COO, and Co-Founder of Matter, Arun Pratap Singh stated that this partnership was another step in reaching a broader consumer base. It will also help us tap into an ever-growing market for environmentally and value-conscious customers. We can reach a wider audience by offering affordable financing through OTO. This will help us position ourselves as a leader in sustainable mobility solutions. Matter and OTO have a shared goal of a sustainable future.