Greaves Electric Mobility Ltd. (GEML) has announced partnership with Perpetuity Capital, a NBFC providing a wide range of financial products, including finance for purchase of vehicles. Aimed at expanding affordable retail EV financing, the partnership will encapsulate the entire two wheeler and three wheeler portfolio from GEML.
With this collaboration, customers of GEML can now avail easy financing options that elevate their buying experience and strengthen EV adoption in India. The partnership also brings interest rates staring from as low as 9.99% for E2W and 11% for E3W, with an additional facility of availing funding of up to 90% of the vehicle cost, alongside flexible EMI options.
Speaking on the partnership, Manoj M. P., Chief Business Officer, Greaves Electric Mobility Ltd., said “At Greaves, our focus has been on democratising India’s EV journey and build a strong ecosystem backed by design, innovation, and engineering excellence. Simultaneously, we have also ensured to make EVs more accessible to customers across India through capital efficient manufacturing and extending facilities that support this adoption. The partnership with Perpetuity Capital is another commitment towards this, and will further strengthen our retail finance offerings, helping customers become proud owners of vehicles that are durable, practical, and built for India’s realities. With this, we also take pride in unlocking opportunities and empowering livelihoods and the people who form the backbone of India’s growth journey.”
As GEML strengthens its retail presence in these markets, the partnership will aim to drive affordability, support dealer sales, and democratise EV access for a wider customer base.
Karamveer Singh Dhillon, Founder & CEO, Perpetuity Capital, added “Through our partnership with Greaves Electric Mobility we hope to democratise credit access for drivers and entrepreneurs at the heart of India’s EV transition. We aim to combine financial inclusion with environmental impact to power sustainable growth.”
This strategic tie-up is designed to enhance customer affordability, strengthen dealer network sales, and accelerate GEML’s business expansion in India’s rapidly growing EV market. Backed by a 165-year Greaves engineering legacy and over 17 years of EV expertise, GEML continues to deliver made-in-India mobility solutions that drive durability, performance, and long-term sustainability with features like the LFP battery, dual frame chassis, 7” TFT touchscreen with full map navigation and other class-leading features like DTE in the 3Ws. This tie-up will make India’s Electric Scooter of the Year awardee Ampere and national range record holder, Greaves 3 Wheelers even more accessible, making it easier for consumers to experience mobility solutions that are Engineered to Outperform, Outlast and Outshine.
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