evfin and River Mobility partner to provide premier financing for electric scooters

Greaves Finance Limited, a non-banking financial company (NBFC) and wholly owned subsidiary of Greaves Cotton Ltd., has announced a strategic partnership with River Mobility Private Ltd., a Bengaluru-based startup known for its stylish, multi-utility electric scooters. This collaboration, under the evfin brand, aims to make River Mobility's electric scooters more accessible to a broader audience by offering customised and competitive financing solutions.

Starting immediately, River Mobility customers will have access to evfin’s financing options, which include low-interest loans beginning at 5.99%. This initiative is designed to streamline the purchase process and make electric vehicle ownership more attainable. Additionally, evfin’s advanced digital platform promises a quick and easy application process, with loan approvals expected in under five minutes. This efficient process is intended to remove obstacles and enhance the overall customer experience.

The partnership also includes innovative upgrade and buyback programs, allowing customers to transition smoothly to the latest River models or benefit from attractive buyback offers. These programs aim to maximise the value of their investment and support the evolving needs of EV owners.

P. B. Sunil Kumar, CEO of Greaves Finance Limited, expressed enthusiasm about the collaboration. "Partnering with River Mobility, a company that shares our vision of empowering consumers, is a privilege. River Mobility has showcased impressive growth with its high-quality products. Through our tailored financing solutions, we are committed to broadening access to River’s offerings and providing exceptional value to consumers."

A spokesperson from River Mobility echoed this sentiment, stating, “Our partnership with evfin reflects our commitment to delivering outstanding customer experiences. By offering tailored financial solutions, we aim to enhance the accessibility of our electric scooters for future Indie purchases.”

evfin offers a variety of financing options, including zip.fin for budget-conscious buyers, eco.fin for environmentally driven consumers, smart.fin for tech enthusiasts, ride.fin for daily commuters, and protect.fin for extended warranties and resale value assurance.

These financing solutions are available through leading EV 2-wheeler dealerships, including Ather Energy, Ampere from Greaves, Vida from Hero Motocorp., OLA Electric, Bajaj Chetak, and TVS iQube, across 31 cities in India.