Electric two-wheeler manufacturer EkoTejas, based in Andhra Pradesh, has partnered with Bajaj Allianz, SBI insurance, and other companies to provide EV financing options. According to the company, it recently partnered with seven financial institutions, insurance companies, and NBFCs, including Bajaj Finance, TJSB Bank, Shriram Insurance, SBI Insurance, and Bajaj Allianz.
EkoTejas claims that it is assisting customers in affordably purchasing electric two- and three-wheeler EVs through these partnerships. Approximately ten states, including Maharashtra, Madhya Pradesh, Bihar, Haryana, Odisha, Uttar Pradesh, Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka, are said to have established dealer presences for the company.
Commenting on the announcement, K Venkatesh, Co-founder of EkoTejas, said, “We are trying to normalize having electric vehicles in every home. With all these added benefits, we are sure EVs will be well accepted widely among Indian consumers.” He added, “This year’s Union Budget will help the EV industry move forward on its way towards faster adoption of EVs.”
This year, Ekotejas plans to unveil their fast motorbike, the “E-Dyroth.” This electric motorcycle will be the first of its kind in the EV market, the company claims. The vehicle’s 4 kW high RPM mid-drive electric motor allows it to reach a top speed of 100 kmph.
