Montra Electric and Ecofy join forces to offer financial support for electric cargo and passenger Three-Wheelers, driving India’s electric mobility revolution. Break barriers to sustainable transportation and be part of the change.
Montra Electric and Ecofy: A Green Partnership for Electric Three-Wheelers
Montra Electric, a legacy EV brand with 123 years of history, and Ecofy, India’s green-only NBFC dedicated to climate finance in the retail sector, have united to provide accessible financing solutions for cargo and passenger Electric Three-Wheelers.
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Empowering India’s Electric Mobility Revolution
Ecofy’s financial support covers both cargo and passenger vehicles, while Montra Electric is gearing up to introduce around 10,000 electric vehicles in the coming year. This dynamic collaboration aims to capture a significant share of the burgeoning electric vehicle market, marking a pivotal step toward a cleaner and more sustainable future for India’s transportation sector.
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Ecofy’s Commitment to Sustainability
Rajashree Nambiar, Co-founder, MD & CEO of Ecofy, emphasizes the company’s mission, aiming to propel a sustainable, net-zero emissions future. This strategic partnership with Montra Electric enables Ecofy to offer tailored financial products and a seamless experience, catering to the needs of customers committed to fostering a greener future.
Montra Electric’s Vision for Transformation
Sushant Jena, Head of Montra Electric’s 3W Division, expresses excitement about the collaboration with Ecofy, envisioning a revolution in India’s transportation landscape. Financing has traditionally been a significant hurdle to the adoption of commercial Three-Wheelers and passenger vehicles. Together with Ecofy, they are determined to break down these barriers and contribute to the government’s mission of promoting widespread electric mobility.
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Fueling the Growth of India’s Electric Three-Wheeler Market
As India experiences remarkable growth in the electric three-wheeler market, with a 58% YoY increase in EV passenger vehicles and a substantial 114% YoY growth in EV cargo vehicles, the partnership between Ecofy and Montra Electric is poised to empower individuals and businesses to embrace a cleaner and more sustainable mode of transportation.
