EKA Mobility, an electric vehicle and technology company, has signed a Memorandum of Understanding (MoU) with Shriram Green Finance Limited, a wholly owned subsidiary of Shriram Finance Ltd., to facilitate financing solutions for electric commercial vehicles (EVs) in India.
The collaboration aims to support fleet operators, transporters, dealers, small businesses, and community organizations in adopting electric commercial vehicles by offering accessible and flexible financing options. The initiative covers EKA Mobility’s range of electric vehicles, including buses, light commercial vehicles (LCVs), trucks, and three-wheelers.
Rohit Srivastava, Business Head and Chief Growth Officer at EKA Mobility, stated that scaling EV adoption requires not only technological advancement but also supportive financial infrastructure. He noted that the partnership combines EKA’s expertise in EV manufacturing with Shriram Green Finance’s established distribution network to promote wider adoption of sustainable transport solutions.
Nanda Gopal, National Business Head at Shriram Green Finance Limited, emphasized the company’s focus on advancing green transportation in India. He said the tie-up with EKA Mobility aligns with its objective to fund environmentally sustainable mobility options that support both economic and environmental goals.
The MoU is intended to help reduce financial barriers to EV adoption, increase the deployment of zero-emission commercial vehicles, and support India’s broader climate objectives, including progress toward net zero emissions.