Zelio E-Mobility, a prominent electric vehicle (EV) manufacturer, has announced a partnership with Ecofy, a sustainable financial services provider, to streamline financing options for electric two-wheelers in India.
The collaboration aims to address the financial barriers hindering the adoption of electric vehicles. Through this initiative, customers will gain access to flexible and affordable financing solutions, making EV ownership more accessible and cost-effective.
“Ecofy’s commitment to sustainable development aligns seamlessly with our vision of promoting clean mobility,” said Rohit Kumar, Co-Founder of Zelio E-Mobility. “By offering tailored financial products, we aim to empower more individuals to transition to eco-friendly transportation.”
Ecofy, a division of the Eversource Capital-backed Green Growth Equity Fund, specializes in financing green energy and sustainability projects. This partnership marks a significant step in their expansion into the electric mobility segment.
“Our goal is to simplify the adoption of electric vehicles by eliminating financial hurdles,” said Manoj Arya, CEO of Ecofy. “By collaborating with Zelio E-Mobility, we hope to catalyze the growth of India’s EV ecosystem and contribute to a greener future.”
India’s EV market has been gaining momentum, supported by government incentives and growing environmental awareness. Partnerships like this are expected to play a crucial role in accelerating the shift to cleaner modes of transportation.
Zelio E-Mobility has been a key player in the electric two-wheeler market, known for its affordable and energy-efficient scooters designed for urban mobility. With Ecofy’s financing support, the company aims to increase market penetration and make electric scooters a viable option for a broader audience.
