Saera Electric Auto Enters Into Vehicle-financing Tie-up With AMU Leasing

To further enhance customer experience Saera Electric Auto (SEAPL) has signed a vehicle financing contract with a non-banking financial company (NBFC), AMU Leasing under the agreement, customers of SEAPL planning to buy electric vehicles can avail easy financing options from ALPL. 

“Our latest collaboration with one of the most trusted AI and tech-enabled NBFCs, AMU Leasing Pvt. Ltd., has enabled us to take another step towards establishing our goal to accelerate the penetration of clean mobility on the Indian roads. ALPL has long established its name in the financial sector with a wide range of financing facilities in several states such as Delhi, Haryana, Uttar Pradesh,” stated Nitin Kapoor, Managing Director, Saera Electric Auto.

The signature brand of SEAPL is Mayuri, popular for e-rickshaw and e-cart. The company is also the manufacturer of Yogo, the renowned 2W brand.

AMU Leasing (ALPL) is a women-led AI and tech-driven NBFC exclusively serving the EV ecosystem. ALPL serves corporates, fleet operators, third-party logistics operators, FMCGs, and OEMs, and many more for commercial, transportation, and supply purposes. The company provides loans for electric three and four-wheelers against asset hypothecation to eligible organizations.

 “ALPL has been part of the Banking, financial services, and insurance (BFSI) industry for the last two decades. Our goal is to align ourselves with India’s emerging initiatives for self-employment and micro-entrepreneurship for citizens across Tier 2 and 3 cities. By supporting the alternate, fuel-based transportation sector, we aim to propel the revenue generation for self-employed livelihoods and sustain that improvement. We will be able to provide hassle-free financing of electric three-wheelers for SEAPL through its over 400 dealer network spread across the country,” said Nehal Gupta, Director of AMU Leasing.

Currently, Saera has three state-of-the-art plants in Bhiwadi (Rajasthan), Bawal (Haryana) and Kosi (UP).