NBFC collaboration aims to make electric two-wheelers and three-wheelers more accessible through affordable financing options.
27 Oct 2025 | 3219 Views | By Shristi Ohri
Greaves Electric Mobility Ltd. (GEML) announced a partnership with Perpetuity Capital on October 27, 2025, to expand retail financing options for its electric two-wheeler and three-wheeler portfolio. The collaboration is designed to boost electric vehicle adoption across India by making financing more accessible to customers.
The partnership enables GEML ...
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Greaves Electric Mobility Ltd. (GEML) announced a partnership with Perpetuity Capital on October 27, 2025, to expand retail financing options for its electric two-wheeler and three-wheeler portfolio. The collaboration is designed to boost electric vehicle adoption across India by making financing more accessible to customers.
The partnership enables GEML customers to access financing with interest rates starting at 9.99% for electric two-wheelers and 11% for electric three-wheelers. Customers can avail funding of up to 90% of the vehicle cost, along with flexible EMI payment options.
Manoj M. P., Chief Business Officer at GEML, emphasized the company's commitment to democratizing India's EV journey. "The partnership with Perpetuity Capital will further strengthen our retail finance offerings, helping customers become proud owners of vehicles that are durable, practical, and built for India's realities," he stated.
Karamveer Singh Dhillon, Founder and CEO of Perpetuity Capital, highlighted the partnership's focus on financial inclusion. "We hope to democratise credit access for drivers and entrepreneurs at the heart of India's EV transition," he said, adding that the collaboration combines financial inclusion with environmental impact.
GEML, backed by a 165-year engineering legacy and over 17 years of EV expertise, operates through 400 dealer touchpoints across India. The company holds eight India Book of Records titles and manufactures vehicles at three plants located in Hyderabad, Noida, and Ranipet.
The strategic partnership aims to enhance customer affordability, strengthen dealer network sales, and accelerate GEML's expansion in India's growing electric vehicle market. The financing options will apply to GEML's entire portfolio, including its Ampere electric scooter brand and Greaves three-wheelers.