MLR Auto partners with Vidyuttech for E3W financing options

MLR Auto, a subsidiary of Greaves Electric Mobility (GEMPL), the e-mobility business of Greaves Cotton, has announced its strategic partnership with Vidyuttech, a  financing platform and lifecycle management service provider.

Under the partnership, Vidyuttech will provide flexible financing for MLR’s  electric three-wheelers. With Vidyuttech’ s financing and lifecycle management services expertise, MLR’s customers will benefit from simplified electric vehicle ownership. Vidyuttech’s pay- per-km battery lease and; attractive interest rate of approximately 10% is designed to facilitate the adoption of Electric 3-wheelers.

Moreover, Vidyuttech’s commitment to providing over 90 % on-road funding for potential customers significantly reduces the burden of downpayment, making electric vehicle ownership more accessible than ever before.

Commenting on the partnership, Nirmal NR, Chief Executive Officer and Wholetime Director, MLR Auto said, “This partnership will provide our customers with accessible and hassle-free financing options, simplifying their transition to electric three-wheelers and contributing to a more sustainable and emission-free future.

“Our battery leasing and low-cost financing is designed to make EV transition a no-brainer for our customers, said Xitij Kothi, Co-founder, Vidyuttech.  

By leveraging Vidyuttech’s attractive interest rate and dedication to offering substantial funding, MLR’s customers will have greater financial flexibility and convenience in their EV purchases.