Ola Electric has collaborated with Shriram City Union Finance to provide loans to its customers at an interest rate of 8.99% for a duration of 48 months, ensuring fast approvals. Shriram City Union Finance, a prominent NBFC and a major financier of two-wheelers in the country operates through a vast network of approximately 2,800 branches across urban and rural areas.
Ankush Aggarwal, Chief Business Officer at Ola, emphasized their commitment to facilitating financing solutions that are convenient and accessible for everyone as they expand their retail presence beyond Tier I cities. The partnership with Shriram City Union aims to eliminate financial barriers and make electric mobility a viable choice for customers. They anticipate that this collaboration will drive the adoption of electric vehicles (EVs) nationwide.
Customers have the option to avail of these financing options both online and offline, with detailed guidance available at the nearest Experience Center before finalizing their purchase through the Ola app. Ola currently operates India’s largest direct-to-consumer (D2C) automobile retail network, with over 850 Experience Centers, and plans to launch its 1,000th center in August.
Ola’s S1 lineup, which includes the S1 Pro, S1, and S1 Air models, showcases an elegant and minimalist design coupled with cutting-edge technology and exceptional performance. Ola Electric has maintained its dominance in the EV two-wheeler segment, consistently ranking at the top of sales charts for over three consecutive quarters. Furthermore, Ola holds a significant market share of nearly 40% in the EV two-wheeler segment.