Bestway Agencies Private Limited (BAPL), a fully-owned subsidiary of Greaves Electric Mobility Private Limited, has unveiled a strategic partnership with Akasa Finance Limited, a prominent player in the e-rickshaw financing arena in India. This collaboration represents a noteworthy advancement in the electric three-wheeler sector, empowering individuals throughout India to adopt cleaner and more cost-effective transportation solutions.
Within the framework of this alliance, Akasa Finance will extend substantial financing options, covering 80% or more of the e-rickshaw’s ex-showroom price to customers. Akasa Finance’s tailor-made financing solutions will equip BAPL’s expanding customer base in Uttar Pradesh, Bihar, Assam, and West Bengal cities and towns with the flexibility to select loan tenures ranging from 18 to 21 months, ensuring a smooth and hassle-free ownership experience. This customer-centric approach resonates with BAPL’s commitment to providing enriched experiences and exceeding customer expectations.
Commenting on the partnership, Sanjay Behl, CEO and Executive Director, Greaves Electric Mobility Private Limited, said, “Our shared vision of fostering last-mile electric mobility has paved the way for this collaboration and aims to provide financial solutions. We want to make e-rickshaws more accessible to a wider range of individuals.”
Mr. Rohit Mehta, Managing Director of Akasa Finance Ltd, remarked, “We are excited to join forces with Bestway Agencies Private Limited, a name synonymous with quality and innovation in the electric rickshaw industry. Our partnership is more than just finance and manufacturing coming together; it’s about creating a sustainable future and making green mobility a reality for countless individuals. By providing tailored financing solutions, we aim to empower entrepreneurs, drivers, and small businesses across the country.”
