EKA Mobility, a leading electric vehicle and technology company, has signed a Memorandum of Understanding (MoU) with Shriram Green Finance Limited, a wholly owned subsidiary of Shriram Finance Ltd., to provide easy and affordable financing solutions for electric commercial vehicles.
The strategic partnership is aimed at enabling fleet operators, transporters, dealers, small businesses, and communities to transition seamlessly to sustainable mobility through flexible financing options for EKA’s range of commercial EVs, including buses, light commercial vehicles (LCVs), trucks, and three-wheelers.
“The adoption of EVs at scale requires not just world-class technology and reliable vehicles, but also a strong ecosystem of partnerships that make the shift financially viable for customers,” said Rohit Srivastava, Business Head & Chief Growth Officer, EKA Mobility. “This collaboration brings together EKA Mobility’s advanced EV technology and manufacturing expertise with Shriram Green Finance’s extensive financing network to accelerate clean mobility adoption across India.”
Echoing this sentiment, Nanda Gopal, National Business Head, Shriram Green Finance Limited, said: “At Shriram Green Finance, we are committed to supporting India’s transition to sustainable and green transportation solutions. Our partnership with EKA Mobility allows us to finance a new generation of electric commercial vehicles that will drive both economic growth and environmental progress.”
Through this MoU, both companies seek to reduce barriers to EV adoption, fast-track the deployment of zero-emission commercial vehicles, and contribute to India’s broader net zero emission goals.
