MLR Auto partners Vidyuttech to provide financing for its electric three-wheelers
Vidyuttech’s pay-per-km battery lease and interest rate of approximately 10 per cent is designed to facilitate the adoption of electric three-wheelers
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Hyderabad: MLR Auto Limited, a subsidiary of Greaves Electric Mobility Private Limited (GEMPL), the e-mobility business of Greaves Cotton Limited, has announced its strategic partnership with Vidyuttech, a leading financing platform and lifecycle management service provider. Under the partnership, Vidyuttech will provide flexible financing for MLR’s electric three-wheelers.Vidyuttech’s pay-per-km battery lease and interest rate of approximately 10 per cent is designed to facilitate the adoption of electric three-wheelers, making them an affordable and sustainable choice for customers.
With Vidyuttech’s financing and lifecycle management services expertise, MLR’s customers across India will benefit from simplified electric vehicle ownership. Moreover, Vidyuttech’s commitment to providing over 90 per cent on-road funding for potential customers significantly reduces the burden of down payment, making electric vehicle ownership more accessible than ever before.
Commenting on the partnership, Nirmal NR, Chief Executive Officer & Wholetime Director, MLR Auto Limited, said, “We are delighted to partner with Vidyuttech to enhance the adoption of electric vehicles in the L5 segment. This partnership will provide our customers with accessible and hassle-free financing options, simplifying their transition to electric three- wheelers and contributing to a more sustainable and emission-free future.”
“We are very excited to partner with MLR Auto. Our battery leasing and low-cost financing is designed to make EV transition a no-brainer for our customers” said Xitij Kothi, Co-Founder, Vidyuttech.
