Kinetic Green Energy and Power Solutions Limited, a prominent electric two and three-wheeler manufacturer in India, has joined forces with Axis Bank to provide accessible and cost-effective financing solutions for their electric two-wheeler (E2W) customers.
The Memorandum of Understanding (MoU) was signed by Ritesh Mantri, Co-Founder and Director of Kinetic Green, and Irfan Tamboli, Senior Vice President and Head of Supply Chain Finance at Axis Bank.
Under this strategic partnership, customers purchasing two-wheelers can now access up to 100% funding for the on-road price, offering a best-in-class financing solution aimed at simplifying the buying process. The collaboration will provide competitive interest rates with flexible financing tenures of up to 48 months, making monthly installment options more affordable. These attractive financial solutions can be availed at Axis Bank’s extensive network of over 4,500 branches across India and can be redeemed at Kinetic Green’s widespread network of 300+ two-wheeler dealerships spanning 25 states in the country.
Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, expressed her satisfaction with the partnership, highlighting the alignment of values between the two entities in prioritizing customer satisfaction. She also announced that this financing scheme would extend to their highly anticipated two-wheeler, E-Luna. With this collaboration, Kinetic Green aims to make advanced yet affordable electric vehicles accessible to customers in both urban and rural India, thereby accelerating the widespread adoption of electric mobility.
Sumit Bali, Group Executive and head of Retail Lending and Payments at Axis Bank commented on the strategic alliance with Kinetic Green. He expressed the bank’s commitment to promoting green mobility and green financing, emphasizing the importance of sustainable practices and the adoption of electric vehicles to safeguard future generations in India.
