Godawari Electric Motors, the manufacturer of the Eblu range of products, has joined forces with IDBI Bank to provide exclusive financing options to customers across India, facilitating their aspirations for e-mobility.
To support the transition to electric mobility, Godawari Electric Motors introduces innovative financing options for its entire product range in partnership with IDBI Bank. The company’s current portfolio includes Eblu Rozee (electric three-wheeler) and its electric cycles, Eblu Spin, Eblu Thrill, as well as the upcoming Eblu Feo (e-scooter) and Eblu Reino (e-loader). Through the collaboration with IDBI Bank, customers can now avail loans with a maximum tenure of 3 years at an attractive 11% rate of interest and a low processing fee of 1%. The financing option offers a maximum Loan-to-Value (LTV) of 80%, making it convenient for customers to embrace electric mobility with ease.
Mr. Hyder Khan, CEO, Godawari Electric Motors, said, “We are delighted to announce the launch of a wide variety of financing options for customers of the Eblu range, in collaboration with IDBI Bank. Our journey to provide state-of-the-art e-mobility solutions continues, and we are certain that this innovative offering, which avails instant loans, will create new opportunities for customers to make the transition to green mobility quicker. We inch closer to building a future that is pollution-free and sustainable, and welcome all our customers across India. We will continue to keep customer convenience as the core focus area which aids in convenient and comfortable access to our products and services.”
Godawari Electric Motors has established strong collaborations with reputed institutions such as SIDBI, Bajaj FinServ, Kotak Mahindra Bank, Paytail, EZFINANZ, Chhattisgarh Gramin Bank, Revfin, Amu Leasing Pvt Ltd, and Paisalo. These tie-ups enable the company to provide customers with a diverse range of EV financing solutions, ensuring a seamless and convenient loan application and approval process.
In preparation for August 2023, Godawari Electric Motors is gearing up to introduce its highly anticipated e-scooter, Eblu Feo, and the innovative e-loader, Eblu Reino. As part of its growth strategy, the company has made substantial investments in expanding its network and is determined to establish 100 dealerships by the end of this fiscal year.