The transition to electric mobility is increasingly being influenced by financing innovation as much as vehicle technology. Switch Mobility has signed a memorandum of understanding (MoU) with Drivn to strengthen EV leasing solutions and improve access to electric vehicles for customers across the commercial mobility ecosystem.
The partnership highlights the growing importance of flexible financing models in accelerating EV adoption among businesses and fleet operators.
Partnership Focuses On EV Leasing Accessibility
The collaboration is designed to support customers through structured leasing solutions that can reduce the financial barriers associated with EV adoption.
The MoU was signed by:
• Manisha Sahai, Vice President – Business Solutioning Financier, Drivn
• Amitabh Srivastava, General Manager – Commercial, Switch Mobility
• Arghadip Roy, Head – Retail Finance, Switch Mobility
• Sukanta Sahu, Head – Bus Sales, Switch Mobility
The partnership aims to make EV ownership and deployment more accessible through leasing-led mobility solutions.
Why Leasing Is Becoming Important
Leasing is emerging as a practical route for businesses looking to electrify their fleets without significant upfront investments.
Key advantages include:
• Lower capital expenditure requirements
• Improved cash flow management
• Greater fleet flexibility
• Faster adoption of electric vehicles
• Reduced ownership-related risks
These benefits are making leasing an increasingly attractive option for commercial vehicle operators.
Supporting The Next Phase Of Fleet Electrification
India’s commercial EV market is witnessing strong momentum as businesses focus on reducing emissions and operating costs. However, financing remains one of the biggest challenges for large-scale fleet electrification.
The Switch Mobility–Drivn partnership reflects a broader industry trend where OEMs and financing specialists are working together to create more accessible pathways to EV adoption. As leasing models mature, they are expected to play a significant role in helping fleets transition from conventional vehicles to electric alternatives.
By combining vehicle expertise with financing solutions, such collaborations can help accelerate commercial EV deployment and support India’s broader clean mobility goals.
