The electric mobility revolution is picking up speed, and Greaves Finance Limited is leading the way through its EV-focused lending platform, evfin. In a pioneering move, Greaves Finance has partnered with Eqaro Guarantees to offer a unique solution: guaranteed resale value for electric 2-wheelers (e-2Ws). This initiative aims to tackle key challenges for EV buyers and create a supportive ecosystem for all stakeholders.
A Revolutionary Collaboration
One of the biggest concerns for EV buyers is uncertainty about resale value. Greaves Finance Limited, a subsidiary of Greaves Cotton Limited, has joined forces with Eqaro Guarantees, a leader in underwriting services, to address this issue. At the heart of this collaboration is Smart.fin, a product from evfin that offers:
- Guaranteed Buyback Options: Buyers can invest in e-2Ws confidently, knowing they will get a guaranteed resale value when they upgrade or sell.
- Risk-Free Ecosystem for OEMs and Dealers: This program absorbs resale risks, ensuring a smooth operation for manufacturers and sellers.
Benefits for EV Buyers
Depreciation is a major concern for vehicle buyers, especially in the growing EV market. This solution gives customers peace of mind by eliminating resale worries. Here’s how it helps:
- Confidence in EV Purchases: Buyers can focus on enjoying their e-2Ws without stressing about future resale challenges.
- Increased Appeal of EVs: Electric 2-wheelers become a more attractive choice compared to traditional vehicles.
PB Sunil Kumar, CEO of Greaves Finance, explains:
“By removing depreciation concerns, we are driving sustainable growth and making electric 2-wheelers the preferred choice for today’s buyers.”
A Boost for OEMs and Dealers
This initiative also supports Original Equipment Manufacturers (OEMs) and dealers by minimizing financial risks tied to resale values. Greaves Finance already partners with leading EV brands, such as:
- Ather Energy
- Ampere
- River Mobility
These partnerships provide tailored financing options, driving faster adoption of electric vehicles.
Why This Matters for EV Growth
Electric 2-wheelers are a key solution for sustainable urban mobility, but many buyers hesitate due to financial uncertainties. By providing guaranteed resale value, this initiative removes barriers and encourages more people to choose e-2Ws.
Vikash Khandelwal, CEO of Eqaro Guarantees, says:
“Our resale value guarantees are the backbone of a thriving EV ecosystem, benefiting everyone involved.”
The Road Ahead: A Greener Future
As the EV market continues to grow, solutions like this create trust and stability for buyers, manufacturers, and dealers. Greaves Finance and Eqaro Guarantees are not just offering financial products—they are shaping the future of electric mobility. The era of secure, sustainable, and buyer-friendly electric 2-wheelers is here.
