June 15, 2024

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Zomato, Kotak Mahindra and Gogoro join hands to advance the ownership of EVs

The Taiwan-based battery-swapping firm Gogoro Inc. declared its partnership with Zomato and Kotak Mahindra Prime.

On Tuesday, Gogoro announced that the partnership is to encourage the last-mile transportation sector’s rapid adoption of electric mobility. The businesses will provide low-cost loan terms and battery switching services to last-mile delivery partners so they may switch to environmentally friendly modes of transportation. The alliance intends to provide convenient routes for delivery partners to take use of the benefits of Smartscooters and battery swapping while lowering air pollution. As part of the collaboration, Kotak Mahindra Prime will provide flexible lending terms.

Horace Luke, the founder and CEO of Gogoro, said in a statement, “The urban transformation to electric transportation in India’s cities has begun and it is essential that we provide delivery partners with an accessible path to own and leverage the benefits that smart electric two-wheeler vehicles and battery swapping offer. Gogoro, Zomato and Kotak are partnering to make this a reality.”

He also added, “Gogoro Network battery swapping and vehicles provide a proven track record of safety and security that Non-Banking Financial Companies (NBFCs) like Kotak Prime can embrace and support. This partnership will provide a powerful opportunity for delivery partners to lead India’s transition to smart and safe electric transportation.”

Zomato

Mohit Sardana, Food Delivery COO of Zomato, while expressing his opinion about the partnership said, “Electric two-wheelers powered by affordable, reliable, and accessible battery swapping solutions can positively impact delivery partner pay-outs, apart from reducing air pollution. That’s why we’re excited to partner with Gogoro and Kotak on this endeavour.”

Zomato is a food delivery and restaurant discovery website which has around 3 lakh delivery partners. It operates in more than 25 countries worldwide and headquartered in India. The platform allows users to search for restaurants based on location, cuisine, and reviews, and also offers food delivery services in select cities. It is the only food ordering and delivery service that has committed to The Climate Group’s EV100 programme, which calls for all deliveries to be made using electric vehicles by 2030.

Kotak Mahindra Prime Limited

Vyomesh Kapasi, MD & CEO of Kotak Mahindra Prime Limited said, “We are pleased to partner with Gogoro and Zomato to further the adoption of electric two-wheelers in the country.” He added, “Sustainable transportation and easy loan access to the consumers is the key.”

Kotak Mahindra Prime Limited (KMPL) is a non-banking financial company (NBFC) that specializes in vehicle financing. It is a subsidiary of Kotak Mahindra Bank and was established in 1998. KMPL provides loans for the purchase of new and used cars, commercial vehicles, and construction equipment. The company also offers inventory funding to dealers and has tie-ups with several automobile manufacturers for providing financing options to their customers. KMPL has a widespread presence in India with over 150 branches and has a strong customer base. The company is known for its customer-centric approach, innovative products, and competitive interest rates.

Gogoro

Gogoro is a Taiwanese electric scooter manufacturer and energy company. It was founded in 2011 by Horace Luke and Matt Taylor, and is headquartered in Taipei, Taiwan. The company is known for its innovative electric scooter models, which feature swappable battery packs that can be easily exchanged at charging stations located throughout the city. Gogoro also operates its own battery-swapping network and provides energy solutions to cities and businesses. Gogoro has received several awards for its innovative products and has expanded its operations to several countries, including France, Germany, and Japan.

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