BattRE Electric scooters have tried to address a major hurdle in the way of EV adoption by partnering with ZestMoney and thus extending financing to even customers with no previous CIBIL score. This bit is important because in modern society, you are your credit score.
Given the pattern of handing over wages in cash or simple people’s yearly earning being below the starting taxation limit, loads of people never end up with a CIBIL score. And that means, you can’t access financing.
ZestMoney EMI financing appears to be addressing that gap by making the bike accessible to those who don’t pre-qualify for loans.
The finance plans curated are applicable for all BattRE electric scooters. While BattRE electric scooters are new as a company, they are already available across 12 states.
A Frost and Sullivan study points to e-rickshaws, e-autos, and e- two-wheelers as most promising segments for electrification in India. estimates point to over 4-million sales by 2025.
The same study suggests 30-40 percent of scooters India will be electric vehicles in 7-8 years. This would mean, commuters would look for personal mobility options in order to ensure a safe and convenient commute.
This is a Businesswire Feed; edited by Clean-Future Team