Ecofy and TVS Motor Company are working to make TVS electric vehicles more accessible and affordable through customised financing schemes.Ecofy, green-only NBFC backed by Eversource Capital, has partnered with TVS Motor Company to promote electric three-wheeler adoption and sustainable mobility in India. This collaboration aims to provide comprehensive financing solutions for electric three-wheelers in the rapidly growing sector, leveraging TVS Motor's industry experience and Ecofy's financial services expertise.
Rajashree Nambiar, Co-Founder, MD & CEO of Ecofy, expressed the significance of this alliance. "This partnership with TVS Motor Company aligns perfectly with our commitment to a clean energy future and will enable us to offer comprehensive financing solutions for both passenger and cargo electric three-wheelers. By leveraging TVS Motor’s extensive industry experience, robust distribution network, and established brand reputation, Ecofy is poised to make a substantial impact in the EV financing space. We anticipate substantial growth in fiscal year 2025, marking a significant milestone in our expansion journey as we scale our financing operations."
Making more accessible and budget-friendly
Ecofy and TVS Motor Company are working to make TVS electric vehicles more accessible and affordable through customised financing schemes. These tailored offerings aim to enhance EV adoption and redefine the future of EV financing in India. This strategic collaboration is expected to drive substantial growth and innovation in the electric three-wheeler sector, contributing to a clean energy future for the country.
Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, also highlighted the collaboration's potential impact. “Collaborating with Ecofy allows us to combine our manufacturing expertise with their innovative financial services. Together, we aim to drive growth, foster innovation, and deliver unparalleled value to our customers in the electric three-wheeler segment. This is also in keeping with our commitment to provide sustainable mobility solutions.”
