EkoTejas collaborates with financial institutions to provide financial support to EV users

Eko Tejas

EkoTejas recently announced a partnership with seven financial institutions, insurance providers and non-bank financial institutions (NBFCs), including Bajaj Finance, TJSB Bank, Shriram Insurance, SBI Insurance, and Bajaj Allianz to assist customers in purchase of affordable 2 and 3 wheeler Electric Vehicles (EVs).

EkoTejas is one of India’s fastest growing electric vehicle (EV) brands, with a presence across the country. Maharashtra, Madhya Pradesh, Bihar, Haryana, Odisha, Uttar Pradesh, Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka are among the states where the corporation has a dealer presence.

K Venkatesh, Co-founder of EkoTejas, said, “We are trying to normalize having electric vehicles in every home. With all these added benefits, we are sure EV will be well accepted widely among Indian consumers.”

The current collaboration is expected to benefit EV buyers by providing financial aid. In fact, only a handful EV players are capable of providing the segment’s on-road insurance. Furthermore, if the client lives in an apartment, the company’s dealers will instal charging stations at the buyer’s parking area.

Also Read | Financial institutions that invested in advanced data management systems are growing well: Samir Mohanty, COO & CTO, Avanse Financial Services

This year’s Union Budget will assist the EV industry in moving toward speedier EV adoption. Ekotejas intends to debut their high-speed motorcycle dubbed the ‘E-Dyroth’ this year. The e-motorcycle is the first of its sort in the EV segment, according to the manufacturer. The car can reach a top speed of 100 km/h thanks to its 4 kW high RPM mid-drive motor.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.