ECOFY and TVS Motor Company Collaborate to Transform the Landscape of EV Three-wheeler Financing

MUMBAI, India - Dec. 11, 2024 - PRLog -- Ecofy, India's pioneering green-only NBFC backed by Eversource Capital and dedicated to bridging the climate finance gap in the Indian retail sector, has announced a partnership with TVS Motor Company, a leading global automaker that operates in the two and three-wheeler segments. In the rapidly growing electric 3W sector, this strategic collaboration aims to boost electric three-wheeler adoption and promote sustainable mobility nationwide.

Commenting on this alliance, Rajashree Nambiar, Co-Founder, MD & CEO of Ecofy, said, "This partnership with TVS Motor Company aligns perfectly with our commitment to a clean energy future and will enable us to offer comprehensive financing solutions for both passenger and cargo electric three-wheelers. By leveraging TVS Motor's extensive industry experience, robust distribution network, and established brand reputation, Ecofy is poised to make a substantial impact in the EV financing space. We anticipate substantial growth in fiscal year 2025, marking a significant milestone in our expansion journey as we scale our financing operations."

Rajat Gupta, Business Head of Commercial Mobility, TVS Motor Company, added, "Collaborating with Ecofy allows us to combine our manufacturing expertise with their innovative financial services. Together, we aim to drive growth, foster innovation, and deliver unparalleled value to our customers in the electric three-wheeler segment.

Ecofy and TVS Motor Company are launching customized financing schemes to make TVS electric vehicles more accessible and affordable. These tailored offerings aim to drive EV adoption and redefine the future of EV financing in India.

About Ecofy

Promoted by Eversource Capital, Ecofy's vision is to be a catalyst in accelerating the transition towards a net zero-carbon world. It partners with individuals and small businesses who want to reduce their carbon footprint and restore balance to the planet. Ecofy offers loans for Electric Vehicles (Two & Threewheelers), rooftop solar, and small-medium enterprises providing E2E digital experience.

To know more, visit the official Ecofy website: https://www.ecofy.co.in/

LinkedIn: https://www.linkedin.com/company/ecofyfinance/

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers.

Please visit the official website www.tvsmotor.com

Media Contact for Ecofy:

Shraboni Fernandes

E-mail: sfernandes@ecofy.co.in

Media Contact for TVS Motor Company:

Priyanka Kumar - Priyanka.Kumar@tvsmotor.com

Sridipta Bhattacharjee - Sridipta.Bhattacharjee@tvsmotor.com