Kinetic Green Energy Partners with Cholamandalam Investment for Electric Vehicle Financing, Auto News, ET Auto

Electric vehicle manufacturer Kinetic Green Energy on Monday announced its partnership with Cholamandalam Investment and Finance Company Ltd (Chola), a financial services subsidiary of Chennai-based Murugappa Group, to provide financing solutions to its electric vehicle customers. The Pune-based company said it had signed a first pact with Chola for customers seeking to avail funds to acquire electric vehicles.

The collaboration aims to make Kinetic Green’s battery-powered vehicles more affordable for price-conscious, savvy buyers with attractive financing solutions, as well as cater to new markets with Chola’s pan-India presence, the company said. of electric vehicles.

“This partnership will allow Kinetic Green and its dealerships to provide our electric vehicle customers with simple and affordable financing solutions that perfectly match their needs and repayment capabilities.

“With the attractive financing options offered through the collaboration, Kinetic Green customers can be assured of competitive financing solutions for their financing needs. This will further drive demand for the company’s two- and three-wheel electric vehicles,” said Sulajja Firodia Motwani, Founder-CEO, Kinetic Green Power Solutions Ltd.

Chola, for her part, said her collaboration with Kinetic will help the company go further in achieving its ESG goals.

“This relationship will help us take another step closer to achieving our ESG goals. As part of this alliance, the greatest beneficiaries will ultimately be customers. Through our strong network of over 1,145 branches across the India, we aim to provide clients with customized finance solutions that would come with fast, convenient and transparent processes,” said Ravindra Kundu, Executive Director, Cholamandalam Investment and Finance Company Limited.

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