Ecofy and TVS Motor Join Hands For E3W Market Expansion

Ecofy and TVS Motor Company Partnership Promotes Electric Three-Wheeler Adoption in India

Ecofy is a green finance company supported by Eversource Capital. The company aims to innovate electric vehicle financing and drive growth in the e3W market. On October 9, 2024, Ecofy partnered with TVS Motor Company to promote the adoption of electric three-wheelers in India. This collaboration aims to promote eco-friendly transportation by providing easy financing options. It will also help customers buy TVS electric vehicles more easily and at a lower cost.

Apart from this, Ecofy and TVS Motor Company will introduce new financing options, ensuring affordability and accessibility to customers. The primary goal is to encourage more people to choose electric vehicles and improve the financing process in India.

Further, the partnership is expected to lead to significant growth and new ideas in the electric three-wheeler sector. It will also contribute to a cleaner energy future for the country.

Official Statements from Company Leaders

Rajashree Nambiar, Co-Founder, MD & CEO of Ecofy, said, "Working with TVS Motor Company fits perfectly with our mission for a clean energy future. We will provide financing options for both passenger and cargo electric three-wheelers. With TVS Motor’s industry knowledge and strong distribution network, Ecofy can make a big difference in EV financing. We expect significant growth in fiscal year 2025 as we expand our financing services."

Rajat Gupta, Head of Commercial Mobility at TVS Motor Company, comments on the partnership. He stated, “Partnering with Ecofy lets us blend our manufacturing skills with their creative financial services. Together, we will encourage growth, drive innovation, and offer great value to our customers in the electric three-wheeler market. This aligns with our promise to provide sustainable transport solutions.”