Raptee.HV Ties up with IDFC FIRST Bank to Finance Electric Motorcycle Purchases

Raptee.HV, the Chennai-based electric motorcycle manufacturer, has announced a partnership with IDFC FIRST Bank to offer retail financing solutions to prospective buyers of its high-voltage electric motorcycles.

Under the arrangement, customers will have access to loan products featuring faster approvals, flexible repayment terms, and an integrated purchase experience at Raptee.HV dealerships. The company said the tie-up is intended to address financing as a key obstacle to electric motorcycle adoption, particularly given the higher upfront prices that battery-powered two-wheelers typically carry compared to their petrol counterparts.

The announcement adds IDFC FIRST Bank to a growing list of financial partners for the startup. Raptee.HV already has retail financing agreements in place with Indian Overseas Bank and Shriram Finance, and said it is continuing to onboard additional lenders. On the insurance side, the company has also tied up with Muthoot Risk Insurance and Broking Services as a preferred provider across its dealership network.

Raptee.HV was founded by engineers with backgrounds at Tesla and Wipro, and has built its motorcycles around a proprietary high-voltage platform — HV-Tec — adapted from electric car technology. Its vehicles are compatible with the CCS2 public charging standard, which the company positions as an advantage for riders seeking access to the broader EV charging infrastructure.

The company did not disclose the financial terms of the IDFC FIRST Bank agreement or provide targets for loan volumes or disbursements.