Revamp Moto, a leading manufacturer of modular electric two-wheelers, has forged partnerships with two-wheeler loan providers LoanTap, Bajaj Finserv, and State Bank of India (SBI) to offer diverse financing options for its latest electric scooter customers.
Customers can access credit lines with interest rates ranging from 12.4% to 15%, and repayment periods of up to five years. To qualify, customers must make a 20% down payment on the vehicle’s cost of INR 70,000 (excluding GST). The loan application process is designed to be quick, taking less than half an hour to complete.
Revamp Moto’s CEO, Pritesh Mahajan, expressed that the strategic partnerships aim to make their electric scooters more accessible and contribute to their vision of providing sustainable solutions, with a goal to empower one million lives by 2028.
The recent electric scooter by Revamp Moto includes modular and swappable attachments, catering to the needs of small business owners, delivery riders, and gig workers, enhancing productivity while promoting eco-friendly transport options.
The partnerships follow the company’s announcement of initiating deliveries of its latest electric scooter across various Indian states. The scooter is manufactured in Revamp Moto’s micro-factory in Nashik, Maharashtra, and is supported by 24/7 roadside assistance provided by ReadyAssist for customers nationwide.
