In order to improve its Smart.fin service, which is a buyback and upgrade financing solution by evfin for electric two-wheelers (E2Ws), Greaves Finance Limited, through its 100% ev-focused lending platform evfin, established a cooperation with Eqaro Surety Private Limited. By providing guaranteed resale values, our partnership seeks to increase consumer, OEM, and dealer confidence in EV purchases.
Evfin has been at the forefront of innovation with its Smart.fin offering, which provides clients with a guaranteed buyback option and smooth upgrades for their electric two-wheelers, even if the secondary market for E2Ws is still in its infancy. With the support of a solid and trustworthy partner like Eqaro Guarantees, evfin will guarantee the buyback value through this new relationship, reducing any concerns associated with car resale and reaffirming its dedication to establishing sustainable and hassle-free EV ownership.
Customers, OEMs, and dealers will all benefit greatly from the collaboration. Customers may change to newer, more sophisticated cars with ease and worry-free ownership because to the guaranteed buyback and ensured resale value, which remove depreciation worries. By increasing consumer confidence in their goods and promoting more customer upgrades, the alliance helps OEMs and dealers reduce the financial risks related to resale value, which eventually boosts sales and enhances customer retention.
“Our collaboration with Eqaro is a pivotal step in reimagining the ownership experience for electric two-wheeler customers,” stated P B Sunil Kumar, CEO of Greaves Finance, in reference to the agreement. This collaboration encourages a broader transition to electric mobility in addition to guaranteeing secure resale value. We are dedicated to promoting sustainable growth and making electric two-wheelers a more alluring option for modern consumers by removing depreciation uncertainty.
