May 24, 2024

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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Terra Motors

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing. Through the partnership the company wants to expand its business which will focus on E-Rickshaw loans, two-wheeler & three-wheeler loans, loans for utility vehicles, unsecured business and personal loans etc.

Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing. The credit default guarantee will extend incentives to EV buyers and empower them to make a purchase safely”.

Tanesh Gagnani, Director, Pooja Finelease Ltd. added “Our partnership with Terra Motors will create a new type of synergy that will increase business volume & local footprint of both the companies and their partners.

This will also contribute towards creating a cleaner & greener world while empowering the economically weaker section to find easy credit to purchase an income-generating asset (EVs) for their family which will fund their livelihood.”

Terra Motors partnered with Japan-based FCC Corporation

Terra Motors is heavily investing in partnering with the companies to create a sustainable model for Terra Motors Next’. It has also recently partnered with a Japan-based FCC Corporation to develop futuristic electric vehicles for global markets.

The collaboration between the two companies will develop futuristic electric vehicles using the Indian operations as the base for the activity. It focuses on establishing the foundation for a sustainable mobility industry globally. FCC President Yoshitaka Saito said both companies can contribute by combining their individual strengths.

The tie-up will focus on the development of an electric power unit that is suitable for the market to increase the commercialization of light mobility options.

Also, read related article: Piaggio launches Ape electric three-wheeler range in Hyderabad

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