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EcoFi has announced a partnership with TVS Motor Company to provide loans for three-wheelers. The two companies said in a joint statement that this strategic collaboration aims to accelerate the adoption of electric three-wheelers in the country and promote environment-friendly transportation.
New Delhi. Non-banking finance company EcoFi has announced a partnership with TVS Motor Company to provide loans for three-wheelers. The two companies said in a joint statement that this strategic collaboration aims to accelerate the adoption of electric three-wheelers in the country and promote environment-friendly transportation. Eversource Capital-backed EcoFi is a non-banking finance company (NBFC) providing financing to the green sector.
TVS Motor Company is a leading global manufacturer of two-wheelers and three-wheelers. In this regard, Rajshree Nambiar, Co-Founder, Managing Director (MD) and Chief Executive Officer (CEO), EcoFi, said in a statement, “This partnership with TVS Motor Company is in line with our commitment towards clean energy. “With TVS Motors’ strong distribution and network… we will be able to offer comprehensive financing solutions for both passenger and cargo electric three-wheelers.”
He said that we expect strong growth in the current financial year, which will be a milestone in our expansion journey. Rajat Gupta, Commercial Vehicle Business Head, TVS Motor Company, said, “Collaborating with EcoFi will allow us to combine our manufacturing expertise with their innovative financial services. This is in line with our commitment to provide environment friendly transportation solutions.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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