Greaves Electric Mobility Joins Hands with Perpetuity Capital for EV 3-Wheeler Funding

Greaves Electric Mobility Limited (GEML) has entered into an agreement with Perpetuity Capital to simplify EV 3-wheeler funding and make it more accessible in India. The partnership will help drivers, fleet operators and small business owners to upgrade to electric vehicles using reasonable and flexible financing.

Through this collaboration, borrowers will be entitled to have financing available of up to 90%, with interest rates starting at 11% for 3-wheel electric vehicles and 9.99% for 2-wheel electric vehicle consumer loans. The focus will be on rapid disbanding, little paperwork and flexible repayments to mitigate the most significant barrier to adoption of EVs, which is affordability.

Manoj M. P., Chief Business Officer at GEML, reaffirmed the company’s focus on inclusive mobility, saying the partnership reflects Greaves’ long-term vision for India’s EV ecosystem.

He noted, “This collaboration with Perpetuity Capital will strengthen our retail finance offerings and enable more customers to become proud owners of vehicles that are durable, practical, and designed for India’s diverse needs.”

His statement reinforces GEML’s mission to make electric mobility not just aspirational but attainable for all.

Onboard are Greaves Electric Mobility's strong dealer network of over 400 outlets and Perpetuity Capital's capabilities as a digital-first lender that serves Tier 2 and Tier 3 cities. Dealers will now offer a combination of sales and finance in one, to facilitate the purchase of electric vehicles in your local area.

For most drivers and small fleet owners, electric 3 wheelers mean cheaper running costs and increased income security. Reasonable loans will enable ownership and put sustainability within reach instead of a wish. For models like Eltra City, Eltra City Xtra and E-Pro Cargo in Greaves’ catalogue, this plan specifically supports financing.

Driving:  India’s Electric Future

This partnership between Greaves Electric Mobility and Perpetuity Capital is not just about financing; rather, it seeks to promote inclusive and sustainable mobility. By lowering the capital requirement of the purchase, that strengthens EV financing in India, while facilitating a shift to new clean modes of transportation.For more articles and news, stay updated with 91trucks. Subscribe to our YouTube channel and follow us on Facebook, Instagram and LinkedIn for the latest videos and updates from the automotive world!