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Erisha E Mobility Partners With Lakshmi India Finance For EV Financing

It aims at enhancing accessibility to electric three-wheelers while contributing to eco-friendly transportation in Rajasthan, Madhya Pradesh, and Gujarat

Erisha E Mobility Partners With Lakshmi India Finance For EV Financing

Outlook Start-Up Desk

POSTED ON July 30, 2023 2:44 PM

Erisha E Mobility and Lakshmi India Finance have signed a memorandum of association (MoU) to provide loan facilities to potential customers in Rajasthan, Madhya Pradesh, and Gujarat. The partnership promises to enhance accessibility to electric three-wheelers while contributing to sustainable and eco-friendly transportation solutions in the three states.

Sudhir Rana, managing director of Erisha E Mobility and Kuldeep Singh Sikarwar, chief business officer of Lakshmi India Finance, attended the signing ceremony. Also present were Erisha Company's group president, Munish Kumar; executive director, Parminder Singh Baweja; zonal head, Ravindra Singh Khaneja, and retail finance head, Naresh Thakur.

Khaneja emphasised that this association will enable the company to provide better financial solutions to customers, thereby creating improved earning opportunities. He added that the company's electric three-wheelers in the L5 category are equipped with a powerful 200 amps lithium-ion battery and a 10.5 kW motor, making them highly versatile for various loading tasks. 

"These vehicles are best-in-class for both haulage and passenger transportation, featuring a two-speed gearbox, a lifting capacity of approximately 700 kgs, and a 39-month warranty," he added. 

Lakshmi India Finance, with 93 branches in Rajasthan, offers all types of vehicle loans and is among the top four preferred financiers in the region. Sikarwar assured that the collaboration will provide their customers with an exceptional experience. 

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