India’s electric mobility landscape achieved a pivotal moment today as Greaves Electric Mobility Ltd. (GEML) announced a strategic partnership with Perpetuity Capital, a non-bank finance company offering a suite of vehicle-purchase financing solutions.
Through this collaboration, GEML’s entire electric two-wheeler (E2W) and three-wheeler (E3W) portfolio will become eligible for retail-finance support under Perpetuity Capital’s schemes — delivering enhanced accessibility for customers seeking to switch to electric vehicles.
Under the tie-up, buyers of GEML e-vehicles will benefit from financing rates beginning as low as 9.99% for E2Ws and 11% for E3Ws. The financing covers up to 90% of vehicle cost, coupled with flexible EMI options — making EV ownership considerably more attainable.
Speaking on the move, Manoj M. P., Chief Business Officer at GEML, emphasised the company’s mission to democratise India’s EV transition by combining innovative design and manufacturing with capital-efficient customer offerings. The financing partnership stands as “another commitment towards this”, he said.
From the Perpetuity Capital side, Founder & CEO Karamveer Singh Dhillon said the partnership aims to “democratise credit access for drivers and entrepreneurs at the heart of India’s EV transition”, aligning financial inclusion with environmental impact.
As GEML builds on its 165-year engineering legacy and over 17 years of EV expertise, the financing deal is expected to bolster affordability, support its dealer network, and accelerate business expansion in India’s fast-growing EV market. The move signals a stronger ecosystem push for mass-market adoption of electric mobility.
 announced a strategic partnership with Perpetuity Capital, a non-bank finance company.){kind=link}