TL;DR
Ecofy and Ather Energy partnered to deploy ₹100 crore in green financing solutions, including loans and BaaS, to accelerate electric two-wheeler adoption in India.
Ecofy, a green-focused Non-Banking Financial Company (NBFC), has announced a strategic partnership with Ather Energy, a leading electric two-wheeler manufacturer in India. This collaboration aims to revolutionize electric two-wheeler financing by deploying INR 100 crore in specialized green funding. The initiative will make electric two-wheelers more accessible and affordable for Indian consumers, accelerating India's transition towards sustainable mobility.
As part of the agreement, Ecofy will become a preferred financing partner across Ather's electric two-wheeler ecosystem, offering diversified green financing options such as vehicle loans, leasing solutions, assured buyback structures, and Battery-as-a-Service (BaaS) offerings. These solutions are designed to address key barriers to EV adoption, including high upfront costs, total cost of ownership, and uncertainties around battery performance. Both companies believe that India's EV adoption journey will be driven by a combination of product innovation and accessible green finance, expanding access to clean mobility in both urban and emerging markets.
