This partnership with Ecofy offers dealers tools and resources to enhance sales and customer engagement. Zelio E Mobility, an Indian electric two-wheeler company, has partnered with Ecofy, a green-focused NBFC, to offer affordable financing options for their electric vehicles. This partnership aims to increase EV accessibility across India and boost sales for Zelio 's models like the X-Men, Gracy, Eeva, and Mystery. This collaboration follows a recent partnership with LoanTap, another financing platform, further expanding customer financing choices.
The partnership emphasises dealer support through training and resources, along with customer incentives like special promotions and lower interest rates. Zelio aims to expand its dealership network to 400 locations by March 2025, building on its existing 273 dealerships and over 200,000 customers.
What are the benefits?
The Ecofy financing scheme offers several benefits, including low-interest rates, a fast approval process, and flexible EMI options. These features are designed to make purchasing an EV easier and more appealing to a wider customer base. The digital, paperless process streamlines loan applications, providing a hassle-free experience. Customers can also monitor their loan and EMI details through a dedicated app.
This partnership with Ecofy offers dealers tools and resources to enhance sales and customer engagement. These tools are intended to facilitate the sales process and make it easier for dealers to connect with potential buyers.
“As the demand for electric two-wheelers rises, many customers are seeking affordable financing options to manage the upfront cost of these vehicles. Our partnership with Ecofy directly addresses this need by offering flexible and competitive financing plans, making electric two-wheelers more accessible. This collaboration reinforces our commitment to promoting sustainable mobility and providing customers with a seamless path to adopting eco-friendly transportation solutions,” stated Kunal Arya, Co-Founder and Managing Director of Zelio E Mobility Ltd.
“Ecofy is proud to join hands with Zelio E Mobility to help make electric two-wheelers more affordable and accessible for Indian consumers. Our financing solutions are designed to support the adoption of green technologies, and this collaboration further strengthens our commitment to promoting sustainable living and clean energy solutions,” mentioned Rajashree Nambiar, Co-Founder, Managing Director & CEO of Ecofy.
Digitalisation for easier loan access
Zelio E Mobility is committed to supporting its dealers in understanding and promoting the Ecofy financing options. Dealers will receive specialised training to familiarise themselves with the financing products and assist customers through the application process. Digital tools like QR codes will simplify loan access, and dedicated field support will provide assistance. Marketing materials will also be provided to help dealers effectively communicate the financial and environmental benefits of purchasing an electric two-wheeler.
To further encourage EV adoption, special promotions and limited-time offers will be available under the Ecofy financing scheme. These include lower interest rates, extended loan tenures, and waived processing fees. These incentives aim to motivate more people to transition to electric two-wheelers.
Zelio E Mobility plans to track the partnership's success through key performance indicators, including sales metrics, customer satisfaction, and dealership performance. This monitoring will provide valuable insights into the effectiveness of the partnership and inform future strategies.
