The partnership is aimed to make EVs extra accessible and accelerating the adoption throughout the nation

Bengaluru, July 13, 2023: Ola Electric, India’s largest electrical automobile firm, has partnered with Shriram City Union Finance because it steps up its efforts to take EV penetration deeper into smaller cities. Partnering with Shriram City Union Finance, the corporate is providing rates of interest as little as 8.99% for a tenure of 48 months, with approvals assured in minutes. With this, Ola Electric highlighted its dedication to #EndICEAge by making EVs extra reasonably priced and accessible to all.

Shriram City Union Finance is India’s main NBFC and among the many largest financiers of 2W’s within the nation with about 2,800 branches throughout city and rural pockets.

Ankush Aggarwal, Chief Business Officer, Ola stated: “As we expand our retail footprint beyond Tier I cities, we are focused on making financing solutions easy and accessible for all. With our partnership with Shriram City Union, we aim to break financial barriers and make electric mobility a reality for customers. We are confident that it will pave the way for accelerating EV adoption across the country.”

Customers can avail these financing choices on-line and offline by strolling into their nearest Experience Center for an in depth obtain on financing choices earlier than finalizing their buy via the Ola app. Ola at present has India’s largest D2C car retail community with over 850+ Experience Centres and is on monitor to launch the 1,000th EC in August. 

The S1 lineup, comprising S1 Pro, S1, and S1 Air, contains a glossy and minimalist design, coupled with state-of-the-art expertise and unparalleled efficiency. The firm has been topping the gross sales charts within the 2W EV section for greater than three consecutive quarters now. Ola can also be the market share chief commanding virtually 40% market share within the EV 2W section. 

About Ola
Ola is India’s largest mobility platform and one of many world’s largest ride-hailing firms. Ola revolutionised city mobility by making it out there on-demand for over a billion folks throughout 3 continents. Today, Ola continues to maneuver the world to sustainable mobility via its ride-hailing platform in addition to via superior electrical automobiles manufactured at its Futurefactory, the biggest, most superior, and sustainable two-wheeler manufacturing facility on the planet. Ola is devoted to transitioning the world to sustainable mobility and making the world higher than we discovered it.

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