RunR Mobility partners with LoanTap to make EVs financially viable on World Environment Day

RunR Mobility, an electric vehicle manufacturer backed by MECPower Solutions, has partnered with Pune-based LoanTap Financial Technologies, to provide financial support to customers for the purchase of affordable 2-wheeler electric vehicles, along with a special bulk deal offer, on World Environment Day.

The collaboration focuses on making RunR Mobility’s variants more affordable and accessible to corporations, small and medium businesses, and end-consumers with attractive financing solutions. It will also enable fleet operators, last-mile delivery operators, and retail customers to leverage RunR Mobility’s EV scooters hassle-free.

On occasion of the World Environment Day celebrated every year on June 5, the companies will be launching a scheme where customers will be offered a bulk deal arrangement with a reduced processing fee of 1.5% and they will be able to avail ROI ranging from 9% to 10.5% in the period of 3 years.

Setul Shah, the founder of RunR Mobility, said that the partnership will allow them to offer their EV scooters to customers with access to affordable financing.

Rajeev Das, CEO of i-Loans at LoanTap, said that this partnership would make credit more accessible to consumers. “It will allow us to serve more consumers who are looking for affordable credit solutions in the electric 2-wheeler space,” he added.

The upfront costs of EVs have been a key barrier to their rapid adoption. RunR Mobility recognises this challenge and aims to make EV ownership more accessible to a broader customer base through its partnership with LoanTap.