Warivo Motor teams up with CleverPe to simplify EV financing

The new financing solutions are designed to increase accessibility and affordability of both low-speed and high-speed EVs

New Delhi, 07 August 2024: Warivo Motor Pvt Ltd, a leading Indian manufacturer of electric two-wheelers, has announced a strategic agreement with CleverPe, a prominent financing company. This collaboration intends to make electric vehicles (EVs) more accessible and affordable to customers through flexible financing options, including tailored EMI plans for both low-speed and high-speed electric vehicles.

This alliance intends to lower the financial burden on purchasers, making clean mobility accessible to a wider audience. Dealer partners will substantially benefit from this partnership as it will enable them to offer easy financing solutions, thereby enhancing their ability to serve their customers and boost retail sales. Furthermore, based on the parameters agreed upon with CleverPe, consumers may receive specific advantages such as lower interest rates, longer EMI terms, and promotional offers, making the financing scheme even more appealing.

Warivo customers will be able to leverage financing support that will spread the cost of the EV purchase over a period making it easier to manage expenses while transitioning to electric mobility. By offering financing solutions for both high-speed and low-speed electric vehicles, with a unique focus on the often-underserved low-speed segment, Warivo is addressing a crucial need-gap in the market. A wider range of customers can benefit from the advantages of electric vehicles, promoting a shift from traditional fuel-powered vehicles to cleaner alternatives.

Speaking on the announcement, Mr. Shammi Sharma, CEO of Warivo Motor commented, “Our collaboration with CleverPe marks a key milestone in our quest to promote the adoption of electric vehicles in India by providing cost-effective solutions for all. With flexible financing alternatives, we are making personal electric mobility easily available to a larger customer base – the idea is to positively assist India’s shift to cleaner mobility solutions.”

Speaking about the partnership, Manveer V, Founder of CleverPe, stated, “We are thrilled at the partnership with Warivo Motor as it aligns perfectly with our commitment to providing innovative financing solutions that empower consumers. By offering tailored EMI plans and special incentives, we are keen to make it easier for people to embrace electric vehicles and contribute to a greener future. We look forward to supporting the Warivo team in their vision for a cleaner, greener India.”

This collaboration comes at a crucial time when demand for electric vehicles in India is rising due to increasing fuel prices and growing environmental awareness. By lowering financial barriers, Warivo Motor and CleverPe are playing a vital role in supporting India’s push towards sustainable transport and reduced carbon emissions.