The collaboration with Ecofy focuses on making electric mobility more accessible to Indian consumers.Quantum Energy, an electric scooter startup, has partnered with Ecofy, a green-focused NBFC, to make its EVs more affordable across India. This collaboration will offer customers flexible financing options and value-added services like maintenance contracts and buyback programs. The partnership aims to increase EV adoption by simplifying the purchase process and expanding access to financing.
Quantum Energy manufactures electric scooters like the Plasma, Milan, and Bziness models, catering to diverse consumer needs. Ecofy will provide specialised loan products with streamlined digital processes and on-the-ground support for dealerships. This partnership follows Quantum Energy’s recent collaboration with LoanTap, further solidifying its commitment to sustainable transport.
Green financing solutions
Ecofy's green financing solutions will provide customers with manageable repayment options, such as affordable EMIs and customised loan terms. Annual Maintenance Contracts (AMCs) and asset buyback programs will also be available. These added benefits aim to create a more convenient and appealing ownership experience.
“This partnership is a step forward in our mission to create a robust and sustainable EV ecosystem. ampvolts’ expertise in developing customised charging infrastructure solutions will empower us to offer our customers reliable and efficient charging options, enhancing their overall EV experience. Together with ampvolts, we are committed to accelerating the transition to green mobility by delivering integrated solutions that empower businesses and individuals to adopt electric vehicles confidently," stated Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations & Mobility Limited.
The collaboration with Ecofy focuses on making electric mobility more accessible to Indian consumers. By addressing financial barriers, the partnership aims to encourage wider adoption of sustainable transportation solutions. Ecofy's commitment to environmental responsibility aligns with Quantum Energy’s mission to promote eco-friendly vehicles.
“We are happy to partner with Wardwizard Innovations & Mobility Limited in this strategic collaboration, which marks a transformative step toward advancing green mobility. Wardwizard’s deep expertise in electric vehicle manufacturing and their well-established presence in the market provide us with invaluable insights and opportunities to expand our reach and impact. By leveraging our cutting-edge technologies and value propositions as well as their strong customer base and understanding of mobility needs, we can tailor our charging equipment and software solutions to deliver maximum value," stated Vipul Chauhan- Managing Director, Ampvolts Limited.
Easier access
The partnership leverages Ecofy's digital platform and field support to expedite loan approvals. Minimal documentation will be required, simplifying the purchase process. Quantum Energy's dealers will receive training and resources, including QR codes for instant loan access and dedicated support from Ecofy’s field team. This comprehensive approach aims to ensure a smooth and efficient experience for both dealers and customers.
Quantum Energy, a subsidiary of Kusalava International, boasts over five decades of manufacturing experience. Founded in 2022, the company has quickly become a prominent player in the Indian EV market. With over 10,000 vehicles sold and 69 dealerships across states like Haryana, Tamil Nadu, Uttar Pradesh, Telangana, and Bihar, Quantum Energy is well-positioned to leverage this new partnership.
This partnership with Ecofy offers several advantages to potential EV buyers. Flexible repayment options, combined with the convenience of AMCs and the security of buyback programs, aim to make EV ownership more attractive. The simplified loan application process, facilitated by Ecofy’s digital platform and supported by their field team, is designed to streamline the purchase journey.
Quantum Energy’s existing network of dealerships and their rapidly growing market presence further enhance the reach of this collaboration. This initiative aims to contribute to the expansion of the electric vehicle market in India by addressing key financial and accessibility barriers for consumers. The partnership underscores the increasing importance of collaborations between EV manufacturers and financial institutions in driving the transition towards sustainable transportation.
