Anglian Omega Group's new EV financing Arm plans to invest Rs 250 crore by 2024
Anglian Finvest aims to offer customised EV financing solution to customers.
Anglian Omega Group has launched a new electric vehicle finance subsidiary christened – Anglian Finvest. The company says this will allow Omega Seiki Mobility (Group Company) customers to avail finance with Anglian Finvest, where it has already dispersed Rs 10 crore worth of loans.
Anglian Finvest loan facility will be available across India and it aims to provide attractive finance schemes which will include customised products and deliver financial flexibility.
Uday Narang, chairman, Anglian Omega Group said “Anglian Finvest is India’s first and only electric vehicle financing company. Lack of Institutions providing electric vehicles financing makes the process frustrating and tiresome for the customer, hence we thought of launching Anglian Finvest. The company will enhance the customer experience and journey while financing OSM vehicles. For the initial phase, we are only financing Omega Seiki Mobility vehicles, but in the long term we plan to offer loans to other electric vehicle companies. Anglian Omega group would be investing Rs 250 crore in the coming 3 years, to help bolster this EV revolution. Providing easy financing options is sure to attract customers.”
At present, Anglian Finvest is a bootstrapped financing company and it plans to add more financiers and structured finance products, in future enhancements.
RELATED ARTICLES
Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws
The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...
VinFast’s second plant in Vietnam goes on stream ahead of India factory
Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...