Ecofy, an Eversource Capital-backed NBFC and TVS Motor Company, have partnered to launch customized financing schemes for electric three-wheeler adoption.
These financing schemes will make TVS electric vehicles more accessible and affordable and aim to drive EV adoption.
Rajashree Nambiar, Co-Founder, MD and CEO of Ecofy, said, "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. This is also in keeping with our commitment to provide sustainable mobility solutions.”