Top 5 EV Leasing Startups That Are Disrupting the Auto Industry

As the electric vehicle (EV) market continues to expand, leasing has emerged as a critical enabler of adoption, particularly for businesses and fleet operators. According to Fresh Energy, 2025 is expected to be a pivotal year for EV growth, driven by advancements in affordability, financing models, and government incentives. Leasing solutions help overcome key barriers like high upfront costs and battery depreciation by offering flexible, cost-effective alternatives to outright purchase.

Several innovative leasing models are reshaping the industry by providing customized financing plans for two-wheelers, three-wheelers, and four-wheelers. Some platforms specialize in micro-mobility solutions, making EVs more accessible through monthly lease payments instead of large upfront investments. Others focus on fleet electrification, offering tailored plans for last-mile delivery and ride-hailing services. Additionally, emerging financial institutions dedicated to green mobility are introducing financing solutions with minimal documentation and competitive interest rates.

By integrating real-time fleet management, predictive maintenance, and data-driven insights, these leasing models are making EV ownership more viable for businesses and individuals alike. As more companies embrace leasing, the industry is set to witness a surge in adoption, paving the way for a more sustainable and cost-efficient future in transportation.

ALT Mobility

ALT Mobility is an EV leasing platform specialising in fleet management across seven cities. The Delhi-based startup offers easy financing for EV-as-a-service and last-mile delivery, with zero upfront costs. By paying a small security deposit and monthly lease, you can save up to 20 percent on monthly expenses. Partnered with 8+ OEMs like Piaggio and Euler Motors, ALT Mobility also provides a Fleet OS app for real-time vehicle and fleet monitoring.

Revfin:

One of the top online consumer loan platforms, Revfin, works to increase financial inclusion in India. Through its cutting-edge technologies and unconventional data analysis, Revfin provides people with easy-to-access lending solutions. By collaborating with Zappit to offer airport pickup services, Revfin has recently extended its offerings to the 4W EV market. Additionally, it has expanded its financing options and established a micro secondary market for EVs by working with other EV manufacturers and leasing firms.

Urja Mobility

UrjaMobility is a brand owned by MTOW Mobility Private Limited based at New Delhi.This Energy focused Company focus to work towards making owning an EV easily and believe “Battery is the new fuel” and this belief it presents battery leasing for commercial category for Electric Two Wheelers (L2), Electric Three Wheelers (L3, L5) and convert this upfront cost towards the battery (energy) to an easy MLV (Monthly Lease Value).

Ecofy

Ecofy, India’s green-only NBFC, supports sustainable initiatives by offering affordable, hassle-free EV loans with minimal documentation and competitive interest rates. Financing up to 90 percent of the vehicle’s on-road price at 1/6th the cost per km compared to diesel, Ecofy is becoming a key player in EV financing. Partnered with brands like Ather, Mahindra, and Ola Electric, Ecofy provides financial assistance for electric two- and three-wheelers in both individual and corporate segments.

Greaves Finance

Greaves Finance Ltd., through its 100% ev-focused lending platform evfin, is India’s only ev-focused non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd. With a mission to democratise the EV experience, Greaves Finance Limited, under its platform evfin, provides innovative financing solutions exclusively tailored to electric vehicle ownership, supporting the growth of sustainable mobility in India.