TVS Motor Company and Ecofy, an NBFC supported by Eversource Capital, have teamed to introduce tailored financing plans for the adoption of electric three-wheelers. The goal of these financing plans is to increase the affordability and accessibility of TVS electric vehicles while also promoting EV adoption.
“Ecofy is poised to make a substantial impact in the EV financing space by leveraging TVS Motor’s extensive industry experience, robust distribution network, and established brand reputation,” stated Rajashree Nambiar, Co-Founder, MD, and CEO of Ecofy. We expect fiscal year 2025 to see tremendous growth, which will be a major turning point in our expansion path as we scale our financial activities.”
The Business Head of TVS Motor Company’s Commercial Mobility, Rajat Gupta, continued, “By working with Ecofy, we can combine our manufacturing knowledge with their cutting-edge finance services. Together, we want to lead the electric three-wheeler market in terms of growth, innovation, and value delivery to our clients. Additionally, this is consistent with our mission to offer environmentally friendly transportation options.