Exponent and Alt Mobility announce 5-Year EV financing with 30% lower EMI
The partnership aims to provide a 5-year financing option (as opposed to the industry standard of 3 years) resulting in a 30% reduction in monthly EMIs.
Exponent Energy, an energy-tech startup has joined hands with Alt Mobility, a commercial fleet leasing and lifecycle management platform, to lease 1000 Altigreen neEV Tez electric 3-wheelers, powered by Exponent. Through this partnership, a 5-year financing option (as opposed to the industry standard of 3 years) will be provided, resulting in a 30% reduction in monthly EMIs. This initiative aims to enhance accessibility and affordability in the electric vehicle market.
Dev Arora, CEO and Co-founder, Alt Mobility said, “Our data driven asset underwriting, continuous fleet monitoring and management, is driven towards improving asset bankability, prolonging asset life with the ultimate objective to reduce the cost of financing and maximising asset resale value”.
The Alt Mobility platform provides a comprehensive solution for fleet lifecycle management, encompassing leasing, insurance, and service management. Its integrated approach aims to maximise fleet uptime and reduce operating costs, ultimately offering the lowest total cost of ownership for fleet partners.
Commenting on the partnership, Arun Vinayak, CEO and Co-founder, Exponent Energy added, “With competitive financing rates, and extended EMI tenures, we are making electric mobility accessible, financially viable, and convenient. Combining this with our breakthrough advancements in 15-minute EV charging, we are empowering individuals and businesses to unlock more revenue than ever before.”
RELATED ARTICLES
JLR to Begin CKD Operations at Ranipet Plant in Early 2026, Confirms Tata Motors
New facility to localise Range Rover models, with full-scale EV production to follow in Phase 2.
Tata Motors’ Fundamentals Remain Strong Across Divisions Amid External Challenges, Says Group CFO
Despite global challenges, including tariff issues impacting JLR and other macroeconomic headwinds, Tata Motors closed F...
Evera Cabs Raises $4 Million to Expand Electric Vehicle Fleet
India's all-electric taxi service secures funding from Mufin Green Finance through convertible debentures and debt to ac...