In a significant move to promote electric mobility in India, MLR Auto Limited, a subsidiary of Greaves Electric Mobility Private Limited (GEMPL), has joined forces with Vidyuttech, a leading financing platform and lifecycle management service provider. This strategic partnership aims to facilitate the adoption of electric three-wheelers by offering flexible financing options to MLR’s customers nationwide.
Vidyuttech brings its expertise in financing and lifecycle management services to the table, paving the way for simplified electric vehicle ownership for MLR’s customers across the country. One of the key offerings is Vidyuttech’s innovative pay-per-kilometer battery lease, coupled with an attractive interest rate of approximately 10%. This unique solution is specifically designed to make electric three-wheelers an affordable and sustainable choice for customers. Additionally, Vidyuttech’s commitment to providing over 90% on-road funding significantly reduces the burden of downpayment, making electric vehicle ownership more accessible than ever before.
Nirmal NR, Chief Executive Officer & Wholetime Director of MLR Auto Limited, expressed his enthusiasm about the partnership, stating, “We are delighted to partner with Vidyuttech to enhance the adoption of electric vehicles in the L5 segment. This partnership will provide our customers with accessible and hassle-free financing options, simplifying their transition to electric three-wheelers and contributing to a more sustainable and emission-free future.”
Xitij Kothi, Co-Founder of Vidyuttech, shared his excitement about the collaboration, saying, “We are very excited to partner with MLR Auto. Our battery leasing and low-cost financing is designed to make EV transition a no-brainer for our customers.”
This partnership aligns perfectly with GEMPL’s vision of revolutionizing last-mile mobility in India through sustainable solutions. By leveraging Vidyuttech’s attractive interest rate and dedication to offering substantial funding, MLR’s customers will enjoy greater financial flexibility and convenience when purchasing electric vehicles.
