Kinetic partners with Chola to finance EVs
The partnership will leverage Chola’s country-wide branches.
Electric vehicle manufacturer Kinetic Green Energy has announced a partnership with Chennai-based Murugappa Group's financial services arm Cholamandalam Investment and Finance Company for providing financing solutions to its EV customers.
The company officials said the collaboration is aimed at making Kinetic Green's battery-operated vehicles more affordable for the discerning and price-conscious buyers with attractive financing solutions as well as catering to newer markets with Chola's pan-India presence. "This partnership will enable Kinetic Green and its dealers to offer financing that fit their needs and repayment abilities" it added.
Sulajja Firodia Motwani, Founder and CEO, Kinetic Green said, “With attractive finance options provided by Chola-Kinetic partnership, Kinetic Green’s customers can be assured of competitive financing solutions for their finance needs. This will further propel the growth of Kinetic Green’s electric two and three wheelers and help us achieve our vision of bringing green mobility to the masses in India.”
Ravindra Kundu, Executive Director, Cholamandalam Investment and Finance Company said, “This relationship will help us in taking a step closer to fulfilling our ESG goals. Building quality relationships has always been a cornerstone of Chola’s philosophy. With our strong network of 1145 plus branches across India, we aim to offer the customers a never-before experience through customised finance packages that would come with speedy, convenient and transparent processes. This partnership is also in line with our continuous endeavour in enabling our customers to ‘Enter a Better Life’.
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