To promote seamless EV ownership across the nation, Greaves Finance Limited has established cooperation with tech-first insurance ACKO.
The partnership allows for cross-selling of ACKO’s products on Greaves’ entirely e-focused lending platform, evfin, giving customers convenient access to the best financing and insurance choices.
Customers will have access to evfin’s expert financial support and customised financing solutions, which are designed to meet their individual needs and preferences. Additionally, it will give people a more efficient way to search for insurance by providing them with products that meet their demands at reasonable prices.
The partnership between evfin and ACKO intends to promote new, cutting-edge EV-centric goods, lessen the financial burden of EV ownership in the event of accidents and hospitalizations, and hasten the adoption of sustainable mobility solutions in India.
P.B. Sunil Kumar, Executive Director and CEO, Greaves Finance Limited, said, “In FY24, the Electric 2W segment has witnessed a Y-o-Y growth of 30%, and we believe that accessible financing and insurance models will push this further, helping accelerate India’s potential to lead the charge in sustainable mobility. We are delighted to partner with Acko on this exciting venture to offer affordable and tailored solutions to our consumers. We share a mutual vision of leveraging technology to increase the accessibility of financial services to customers across India.”
Brijesh Unnithan, SVP – Internet Partnerships, ACKO said, “We understand the importance of tailored insurance solutions for EVs to accelerate EV adoption in India. Given the barriers to EV adoption, where the primary factors are cost and battery degradation, it is important to foster an ecosystem that facilitates affordable financing and insurance solutions to encourage individuals to consider EVs. ACKO’s collaboration with Greaves Finance Limited is a step in the right direction to enable this.”
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