TVS Motor Company and Ecofy, an NBFC backed by Eversource Capital, have unveiled financing options specifically designed to encourage the use of electric three-wheelers. These financing options aim to encourage the use of EVs by making TVS electric vehicles more accessible and affordable.
Rajashree Nambiar, Co-Founder, MD, and CEO of Ecofy, said, “Ecofy is poised to make a substantial impact in the EV financing space by leveraging TVS Motor’s extensive industry experience, robust distribution network, and established brand reputation.” We anticipate significant growth in the upcoming fiscal year 2025, which will mark a significant shift in our course of expansion as we scale back our financial operations.
Rajat Gupta, Business Head of TVS Motor Company’s Commercial Mobility, went on, By partnering with Ecofy, we can use their state-of-the-art financing services in conjunction with our manufacturing expertise. Our goal as a team is to dominate the electric three-wheeler sector in terms of expansion, innovation, and customer value. Furthermore, this aligns with our goal of providing eco-friendly transportation choices.
