SME Times News Bureau | 27 Jul, 2020
Electric Vehicle charging infrastructure company EVI Technologies (EVIT)
has tied up with digital lending start-up RevFin alongside electric
three-wheeler manufacturing companies, Saarthi and Mayuri, to provide
one-stop solutions to users in terms of funding lithium-based electric
vehicles and swappable batteries.
As part of the tie-up, RevFin
will finance e-rickshaws and e-two wheelers along with swappable battery
solutions provided by EVI Technologies. The initiative will majorly
cover states like Delhi-NCR, UP, Chhattisgarh, Haryana.
With an
aim to provide easy, cost-effective, and eco-friendly last-mile
transportation services, this union will lead the way in achieving the
goal to make India an EV nation hub in the foreseeable future, the
company said in a statement.
EVI's battery swapping solution and
the only digital lending start-up in the country to provide finance in
the EV sector, Revfin's easy low-cost finance will create a sustainable
mobility ecosystem making clean energy affordable to all without the
worry of energy infrastructure, especially in Tier 2 and 3 cities, the
statement added.
The pandemic has caused a dynamic change in the
working of every sector across industries, with terms like automation
and similar technologies coming into play. The government launched the
AtmaNirbhar Bharat campaign - a pitch to make India self-reliant - has
also forced companies to rethink their operating system. It is here that
building an EV ecosystem would play an important role.
Speaking
on this partnership, Rupesh Kumar, Founder and CEO of EVI Technologies
said, "the partnerships will provide an easy solution to all challenges
faced by EV drivers and the EV sector as a whole. Together, we hope to
have over 10,000 Electric Vehicles with swappable battery options on the
road by the end of this fiscal year."
Before the announcement of
the lockdown, EVI Technologies had signed an MOU with Bharat Sanchar
Nigam Ltd (BSNL) to set up battery swapping and charging stations across
the country, covering major cities. As part of the 10-year memorandum
of understanding (MoU) inked between the two entities, EVIT would
install battery swappable charging infrastructure at 5,000 locations of
BSNL.
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