Financing innovation to reduce EV ownership costs
Piaggio Vehicles Pvt. Ltd., one of India’s leading electric three-wheeler manufacturers, has partnered with Risewise Capital to launch a battery replacement financing initiative for commercial EV users. The program offers flexible financing options for battery replacements, helping operators manage one of the most significant long-term costs in electric vehicle ownership.
Supporting India’s electric mobility ecosystem
Battery degradation remains a major challenge for fleet operators, affecting uptime and profitability. Through this partnership, Risewise Capital will provide customized financial products that allow EV owners to replace worn-out batteries without disrupting business operations. This move aligns with India’s growing push toward sustainable and affordable e-mobility solutions under national clean energy missions.
Boosting confidence among fleet and last-mile operators
By financing battery replacements, Piaggio and Risewise Capital are addressing a key barrier to EV adoption in the commercial vehicle segment. The initiative is expected to encourage more small business owners and last-mile delivery fleets to transition to electric three-wheelers, ensuring better lifecycle management and improved return on investment.
