The company has inked partnerships with LoanTap, Bajaj Finserv & SBI to facilitate customer accessibility
The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4%-15%, with a repayment period extending up to five years. To avail of these credit lines, customers need to make a down payment of an affordable rate of 20% of the vehicle’s cost, which stands at ₹70,000 barring GST.
The whole loan application procedure is predetermined to be swift and trouble-free and takes less than half an hour to finish. Customers seeking to purchase the Revamp Moto electric scooter by availing the financial facilities can submit the prerequisite list of documents, which differs between self-employed and fixed-income earning individuals.
Mr Pritesh Mahajan, CEO & Co-founder of Revamp Moto, expressed his enthusiasm for the partnership, saying, “Following the commencement of deliveries of our recent electric scooter, the strategic decision to partner with two-wheeler loan providers will enhance the accessibility of our product to more customers. Our strategic partnership with distinguished financial service providers like LoanTap, Bajaj Finserv, and SBI, will allow the customers to experience the future of transportation in a hassle-free manner and will help us achieve our vision to provide sustainable and adaptive solutions to the society and mission to empower 1 million lives by 2028 .”
The financing partners supplement customers with convenience and accessibility in regards to the electric scooters, while Revamp Moto’s diversified financing alternatives enable a brand new manifold of consumers to contribute to a sustainable future. Revamp Moto’s recent electric scooter comes fitted with as many as six modular and swappable attachments, and is focused on the needs of small business owners, delivery riders and gig workers. These adjunct parts empower the consumers with enhanced supervision of their respective occupations with increased productivity while contributing to a sustainable future by selecting environment-friendly transport options at the same time.
The new partnerships come right after Revamp Moto’s prior announcement of the commencement of deliveries of its latest electric scooter across India, including to customers present in Delhi, Haryana, Uttar Pradesh, Karnataka, Gujarat, Maharashtra, and Rajasthan. Manufactured at Revamp Moto’s state-of-the-art microfactory in Maharashtra’s Nashik, the innovative two-wheeler electric scooter will be supported by ReadyAssist, who will provide 24/7 automotive roadside assistance to all customers across the country.
Meanwhile, the partnerships align immaculately with Revamp Moto’s futuristic vision. The company has recently demonstrated its dedication to promoting creativity and transformation in the sustainable technology industry at the 'Green India CodeFest 2024’. The company’s plans, along with its diversified financing alternatives are a testament to Revamp Moto’s resolute enthusiasm to establish a green future for the country, one consumer at a time.
