EeVe India Announces Partnership with ZestMoney

Bangalore, 11th September 2020: EeVe India, a leading Electric Two-Wheeler manufacturing company in India announced its partnership with ZestMoney, an AI-driven EMI financing platform to make ownership of electric vehicles affordable for people. With this collaboration, customers can buy EeVe India scooters through transparent EMI solutions.

With ZestMoney, even customers with no previous CIBIL score can get access to financing.  The Buy Now Pay Later facility is available on all models of EeVe scooters like Xeniaa, 4U, Your and Wind. They are priced between Rs. 51,900-73,900.

The process to avail the service is paperless can be done remotely and will ensure instant approval of loans. Customers can complete KYC formalities online and choose EMI tenure of 3, 6 or 12 months for repayments.

Headquartered out of Bhubaneswar, EeVe is the first automobile player in Eastern India, currently has a network of 63 dealers and plans to have a presence in 200 different locations in this year.

Speaking on the new partnership, EeVe India Director and Co-founder Mr Harshvardhan Didwani said, “Our customers can now avail EMI options with EeVe India. At EeVe India, high-end technology and sustainability is our topmost priority. Our collaboration with ZestMoney will also stress upon contactless documentation during the COVID-19 situation.”

“Anyone and everyone can now book and enjoy a ride in our electric scooter through the available easy EMI options with ZestMoney.” he further added.

Commenting on the development, Lizzie Chapman, CEO & Co-founder of ZestMoney said, “We are seeing a massive demand for Electric vehicles on our platform. Apart from the convenience of digital credit, the partnership with EeVe will make electric scooters affordable for a large number of people. Our fully automated Buy Now, Pay Later solution is solving for a critical need in the testing times of COVID-19. We have always maintained that financing options will play a crucial role in reviving demand. With the festive season approaching, we expect consumer interest to further pick up.”