iVOOMi Partners with Bajaj FinServ, L&T to Offer Easy Financing Solutions

Pune-based electric two-wheeler manufacturer iVOOMi Energy recently partnered with Bajaj FinServ and L&T to promote the adoption of electric scooters through easy retail finance options to its consumers. 

iVOOMi and Bajaj FinServ have teamed to offer up to 100% EV finance at zero down payment with a minimum 7% interest rate to give customers viable purchasing options. The business immediately began providing its clients with rapid loans within 24 hours of their application. The financing options will be available pan India across all the 50 iVOOMi dealerships.

Easy financing alternatives are available based on a person’s credit history, and those who are eligible can avail of up to 100% cost of the on-road price of electric two-wheelers with zero down payment.

The tenure for the same may range from 3 months to 36 months or even more. iVOOMi Energy will include all the channel partners in over 50 locations across the country that can take advantage of the said services, with an online financing option coming up along with the launch of iVOOMi’s 2.0 D2C platform by the Diwali season sale.

Commenting on the partnership, Sunil Bansal, MD & Co-founder, iVOOMi Energy says, “Electric Vehicles (EVs) are a viable solution to combat air pollution and ensure a greener future for the planet. We are spearheading EV adoption by making them accessible to consumers at convenient and low-interest rates. We are implementing the financing solution in the offline model for now, and soon will be integrating the deals on our online portal which enables consumers to buy iVOOMi EVs in the comfort of their homes. We believe that ensuring consumer convenience is critical to accelerating EV adoption in India. We are delighted to partner with Bajaj FinServ to fast-track the adoption of EVs by providing appropriate financial services to consumers.”

Recently, Larsen & Toubro (L&T) Hi-Tech Manufacturing, and Services commissioned a Green Hydrogen Plant at its AM Naik Heavy Engineering Complex in Hazira, Gujarat.