GT Force Partners with CASHe Green for EV Financing

Electric two-wheeler manufacturer GT Force has partnered with CASHe Green, the electric two-wheeler financing arm of CASHe, an AI-driven financial platform, to simplify financing for customers interested in GT Force’s range of low-speed and high-speed electric models, including the popular GT Vegas and GT Ryd Plus.

The partnership provides customers with financing options such as competitive interest rates, quick disbursals, and a paperless process that includes digital KYC, agreements, and personalized loan plans. These solutions are designed to enhance accessibility for a growing base of millennials and Gen Z buyers, making the shift to eco-friendly vehicles more financially feasible.

The GT Vegas model comes with a 1.5 kWh lithium-ion battery, offering a range of 70 km and a top speed of 25 km/h, while the GT Ryd Plus features a 2.2 kWh lithium-ion battery with an extended range of 95 km and the same top speed. Both models aim to meet the needs of eco-conscious customers seeking cost-effective, low-speed electric vehicles.

The collaboration follows GT Force’s recent collaborations with Ecofy, a green-focused NBFC, ESAF Small Finance Bank, and LoanTap. Through the new partnership with CASHe Green, GT Force strengthens its ability to offer customer-friendly financing solutions across India.

“The demand for low-speed two-wheelers is growing rapidly, yet there are very few companies offering retail financing options for this segment. Our collaboration with CASHe Green not only addresses this gap but also enhances the overall customer experience. We are confident that by providing seamless financing solutions, we can empower more individuals to transition to eco-friendly mobility and make a positive impact on the environment.” Mukesh Taneja, Co-Founder and Managing Director of GT Force said.

Yashoraj Tyagi, CEO of CASHe, said by overcoming traditional barriers to credit, young consumers are being empowered to confidently invest in low-speed electric two-wheelers, enabling them to be part of the green mobility revolution. “This partnership not only encourages eco-friendly transportation but also redefines financial accessibility, fostering inclusivity and supporting a greener, more sustainable future for all,” he said.

GT Force dealers will receive extensive support and training to facilitate CASHe Green’s financing options, which include QR codes for instant pre-approval checks. With 40 dealerships across states like Haryana, Punjab, Uttar Pradesh, and Madhya Pradesh, GT Force will expand to 100 showrooms by the end of 2024, widening the reach of eco-friendly two-wheelers and capitalizing on the advantages of this financing partnership, the company said.