The partnership is aimed to make EVs more accessible and accelerating the adoption across the country
Bengaluru, July 13, 2023: Ola Electric, India’s largest electric vehicle company, has partnered with Shriram City Union Finance as it steps up its efforts to take EV penetration deeper into smaller cities. Partnering with Shriram City Union Finance, the company is offering interest rates as low as 8.99% for a tenure of 48 months, with approvals guaranteed in minutes. With this, Ola Electric highlighted its commitment to #EndICEAge by making EVs more affordable and accessible to all.
Shriram City Union Finance is India’s leading NBFC and among the largest financiers of 2W’s in the country with about 2,800 branches across urban and rural pockets.
Ankush Aggarwal, Chief Business Officer, Ola said: “As we expand our retail footprint beyond Tier I cities, we are focused on making financing solutions easy and accessible for all. With our partnership with Shriram City Union, we aim to break financial barriers and make electric mobility a reality for customers. We are confident that it will pave the way for accelerating EV adoption across the country.”
Customers can avail these financing options online and offline by walking into their nearest Experience Center for a detailed download on financing options before finalizing their purchase through the Ola app. Ola currently has India’s largest D2C automobile retail network with over 850+ Experience Centres and is on track to launch the 1,000th EC in August.
The S1 lineup, comprising S1 Pro, S1, and S1 Air, features a sleek and minimalist design, coupled with state-of-the-art technology and unparalleled performance. The company has been topping the sales charts in the 2W EV segment for more than three consecutive quarters now. Ola is also the market share leader commanding almost 40% market share in the EV 2W segment.
About Ola
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionised urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.
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