E2W Startup BattRE Ties Up With 8 Financial Institutions

BattRE Electric Mobility (BattRE), an electric two-wheeler manufacturing startup, has tied up with eight financial institutions to provide simplified financial schemes for customers on the purchase of BattRE products. 

The company has partnered with financial services groups like- Bajaj Finance, ICICI Bank, Vidharbh Konkan Bank, DNSBL, Zest Money, Credit Fair, Loan Tap and EZ Finanz to make its electric two-wheelers range more accessible. 

The partnership with various institutions will provide up to 90 per cent of the finance starting from 7.5 per cent rate of interest over a period of 36 months. In addition, customers can also avail further benefits including swift vehicle loan sanction and hassle-free documentation procedures. The finance schemes are available on all BattRE two-wheelers including low-speed and high-speed vehicles.

Nishchal Chaudhary, Founder and CEO of BattRE, said, “These simplified financial schemes will make e-mobility accessible to a larger customer base. With these collaborations, BattRE aims to assure its customers and smooth and hassle-free transition to sustainable mobility and contributing to a pollution-free environment.” 

As part of this association, customers can get faster loan approval with nominal documentation at a competitive interest rate. To add to this convenience, financial institutions are also offering easy scheme options, digital login, 24/7 operational support and other pre-approved offers.

BattRE currently has around 400 dealerships in 21 states across India. The company’s range of electric two-wheelers includes BattRE One, BattRE LO:EV and BattRE Stor:ie.