TL;DR
Piaggio and RiseWise have launched India's first battery replacement finance plan for electric three-wheelers to make EV ownership more affordable.
Piaggio and RiseWise have introduced India's first battery replacement finance plan specifically for electric three-wheelers. This innovative financial solution aims to significantly reduce the upfront cost and ownership burden for electric three-wheeler operators, making EV adoption more accessible and affordable in the commercial sector.
The plan addresses a critical barrier to EV adoption, which is the high cost of battery replacement. By offering a structured finance scheme for batteries, Piaggio and RiseWise are paving the way for easier and more widespread integration of electric three-wheelers into India's transportation and logistics networks, supporting green mobility initiatives.