India’s electric mobility transition is no longer just about technology, infrastructure, or policy—it is increasingly about financial accessibility for the millions of everyday earners who keep the country moving. As electric two-wheelers, e-rickshaws, and small commercial EVs become essential tools for mobility and livelihood, affordable financing has emerged as a critical enabler. For countless first-time buyers, gig workers, and low-income earners, the ability to purchase an EV often depends on whether they can access small, flexible, and inclusive loan options. This is where small-ticket financing has proven to be transformative, breaking long-standing credit barriers and turning EV ownership into a practical reality rather than a distant dream.
In a recent interaction, Rashmi Verma spoke with Ms. Nehal Gupta, Founder and MD of Accelerated Money For U (AMU), to understand how his company is reshaping the EV financing landscape. Ms. Nehal shared insights on how AMU’s inclusive lending model empowers gig workers, small entrepreneurs, and fleet owners by offering easy documentation, rapid approvals, and digital-first credit assessments. He also highlighted AMU’s focus on long-term EV sustainability through maintenance support, insurance solutions, and innovative resale avenues. The conversation reveals how micro-financing, backed by strong digital systems and ecosystem partnerships, is quietly but powerfully fueling India’s journey toward mass EV adoption.
What role do small-ticket loans play in driving large-scale EV adoption in India, especially among first-time or low-income buyers?
Small-ticket loans are a game-changer in driving large-scale EV adoption in India, especially among first-time and low-income buyers. By reducing upfront costs and offering easy, accessible financing for e-rickshaws, two-wheelers, and other small EVs, these loans make green mobility affordable for all. They empower individuals—drivers, delivery workers, and small entrepreneurs—to shift from fuel-based to electric vehicles without financial burden. In doing so, small-ticket loans not only boost livelihoods but also accelerate India’s transition toward cleaner, more sustainable transportation.
How is AMU making EV financing more inclusive for gig workers, small fleet owners, and individuals who often find it difficult to access traditional credit?
AMU is making EV financing more inclusive by offering flexible, small-ticket loans tailored for gig workers, small fleet owners, and individuals often excluded from traditional credit systems. Through simplified documentation, quick approvals, and doorstep services, AMU ensures easy access to funds for purchasing e-rickshaws, cargo vehicles, and two-wheelers. Its community-driven programs like SEWA empower women entrepreneurs, while partnerships with OEMs and digital platforms enhance affordability and trust. By focusing on financial inclusion and sustainability, AMU is enabling thousands of everyday earners to own EVs, boost income, and contribute to India’s clean mobility revolution.
Can micro-financing truly bridge the affordability gap in India’s EV market? What kind of impact have you observed so far?
Yes, micro-financing is effectively bridging the affordability gap in India’s EV market by making ownership accessible to drivers, delivery partners, and small entrepreneurs who lack traditional credit access. Through smaller, need-based loans and flexible repayment options, individuals can purchase e-rickshaws, two-wheelers, and cargo vehicles with minimal financial stress. At AMU, we’ve seen a significant rise in first-time EV owners, improved livelihoods, and greater adoption across Tier-2 and Tier-3 cities. This model not only supports financial inclusion but also accelerates India’s shift toward sustainable, zero-emission transportation.
How do you balance affordability for consumers with sustainability and profitability for AMU?
At AMU, we balance affordability, sustainability, and profitability through an inclusive, data-driven lending model. By offering small-ticket, need-based loans with flexible repayment structures, we make EV ownership accessible without compromising financial health. Our partnerships with OEMs and ecosystem players reduce costs and enhance operational efficiency, ensuring sustainable margins. Simultaneously, our focus on financing green assets—like electric two-wheelers, e-rickshaws, and batteries—aligns business growth with environmental responsibility. This approach enables AMU to empower consumers, drive clean mobility adoption, and maintain a healthy, scalable financial model that supports both social impact and long-term profitability.
What innovations in credit assessment or digital lending have helped AMU scale small-ticket EV loans efficiently?
AMU leverages innovative digital lending and credit assessment tools to scale small-ticket EV loans efficiently. By using alternative data—such as transaction history, mobility patterns, and digital payments—we evaluate creditworthiness beyond traditional scores, empowering gig workers and first-time borrowers. Our tech-enabled processes enable instant approvals, e-KYC verification, and seamless disbursements, reducing turnaround time significantly. Integration with OEM and dealer networks ensures transparency and real-time loan tracking. These digital innovations have enhanced operational efficiency, minimized risk, and expanded AMU’s reach across diverse borrower segments, driving faster, more inclusive EV financing across India’s growing green mobility ecosystem.
As India aims to put millions of EVs on the road by 2030, how do you see the role of small, flexible financing solutions shaping the next wave of adoption?
Small, flexible financing solutions will be the cornerstone of India’s EV revolution by 2030. They bridge the affordability gap for drivers, gig workers, and small business owners, enabling wider EV ownership across urban and rural markets. By offering quick, low-documentation loans and adaptable repayment options, institutions like AMU empower individuals who are often overlooked by traditional lenders. These accessible financial models not only boost livelihoods but also accelerate mass EV adoption, supporting India’s sustainability goals. As the ecosystem matures, such inclusive financing will drive both economic mobility and the nation’s transition to a cleaner, electric future.
Beyond financial accessibility, how does AMU ensure long-term support for buyers like maintenance, insurance, or resale value to make EV ownership sustainable?
Beyond financing, AMU ensures long-term sustainability in EV ownership through end-to-end ecosystem support. We collaborate with OEMs and service partners to offer maintenance packages, insurance coverage, and battery top-up loans, ensuring hassle-free vehicle upkeep. Through our brand EV Replay, we provide resale and refurbishment options that help preserve asset value. Additionally, our customer engagement programs educate buyers on efficient EV usage and financial management. By combining financing with after-sales and lifecycle support, AMU builds trust, enhances affordability, and empowers users to adopt and sustain electric mobility confidently, driving lasting impact across India’s green transport landscape.
What policy or regulatory interventions do you think could further accelerate small-loan adoption in India’s green mobility space?
To accelerate small-loan adoption in India’s green mobility space, supportive policy and regulatory measures are crucial. Simplifying refinancing norms for NBFCs, offering credit guarantees, and providing low-cost funds through green financing channels can boost lending confidence. Incentivizing small-ticket EV loans with tax benefits or interest subventions will make ownership more affordable for low-income and gig workers. Additionally, integrating EV financing under priority sector lending and enhancing digital KYC frameworks can streamline access. Such policy interventions will empower institutions like AMU to expand inclusive, sustainable financing, driving faster and broader EV adoption across the country.
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