Ola Electric inks pact with Shriram City Union Finance for low-cost EV financing

Ola Electric has tied up with Shriram City Union Finance to offer low-cost loans starting from 8.99% for a tenure of 48 months.

The company claims in a press release that approvals will be guaranteed in minutes. Shriram City Union Finance is among the largest financiers of 2-wheelers in the country with about 2,800 branches across urban and rural pockets.

Ankush Aggarwal, Chief Business Officer, Ola said: “As we expand our retail footprint beyond Tier-I cities, we are focused on making financing solutions easy and accessible for all. With our partnership with Shriram City Union, we aim to break financial barriers and make electric mobility a reality for customers. We are confident that it will pave the way for accelerating EV adoption across the country.”

Customers can avail of these financing options online and offline by walking into their nearest Experience Centre for a detailed download on financing options before finalising their purchase through the Ola app.