I-Loan is committed to providing a seamless and transparent financing experience.Quantum Energy, an electric vehicle startup, has partnered with I-Loan, a green finance company within the LoanTap Group, to make Quantum Energy's electric scooters more accessible and affordable throughout India. The partnership will offer customers flexible financing options and a simplified purchasing experience, aiming to encourage the adoption of sustainable transportation in India.
Easy financing
Through this collaboration, Quantum Energy customers can access I-Loan's diverse financing solutions, including flexible repayment plans that reduce the burden of upfront costs. This strategic partnership aims to make electric scooters, particularly Quantum Energy's Plasma, Milan, and Bziness models, more attainable for a wider range of consumers, from daily commuters to businesses.
I-Loan is committed to providing a seamless and transparent financing experience. The company promises minimal paperwork, quick loan approvals within 24-36 hours, and a secure process that protects customer data. I-Loan also emphasises transparency by ensuring no hidden or foreclosure charges.
"This partnership with I-Loan is a crucial step in expanding our retail financing capabilities, ensuring that our electric scooters are more accessible to the average Indian consumer," said Chakravarthi C., Managing Director of Quantum Energy. "With I-Loan’s extensive financing options, we can offer our customers the flexibility they need to transition to eco-friendly transportation without worrying about upfront costs. We are confident that this will help us grow our market share and further our mission of contributing to the green mobility revolution in India.”
“We are excited to partner with Quantum Energy, a company that shares our vision of a sustainable future," said Rajeev Das, CEO of I-Loan (LoanTap Group). "At I-Loan, we are committed to providing innovative financing solutions that cater to the diverse needs of our customers. Through this partnership, we aim to simplify the purchasing process for electric vehicles by offering quick loan approvals, minimal paperwork, and flexible repayment options. Our goal is to make the shift to electric mobility not just a choice, but an accessible and affordable reality for more Indians.”
What does this partnership indicate?
To support the partnership, I-Loan will equip Quantum Energy dealerships with resources and training to effectively promote the new financing options. These resources include QR codes for easy loan access and on-site support from I-Loan's field team. This integrated approach aims to create a smoother sales process for dealerships and a more positive experience for customers.
Quantum Energy, a subsidiary of Kusalava International, has quickly become a prominent player in the Indian electric two-wheeler market. Drawing on Kusalava International's five decades of manufacturing expertise, Quantum Energy has sold over 10,000 vehicles since its establishment in 2022, securing its position among India's top 10 EV two-wheeler brands. The company's rapid growth reflects its dedication to innovation, quality, and sustainable transportation solutions. With a strong dealer network across states like Uttar Pradesh, Tamil Nadu, Andhra Pradesh, and Bihar, Quantum Energy is well-positioned to expand its reach and meet the increasing demand for electric vehicles in India.
