Finayo and BYBY Electric Announce Partnership to Provide Financing for Electric E-Rickshaws

By siliconindia  |  Friday, 24 May 2024, 09:55:25 AM IST

Finayo and BYBY Electric Announce Partnership to Provide Financing for Electric E-Rickshaws
Finayo, a provider of innovative financial solutions, and BYBY Electric, a manufacturer of electric e-rickshaws, announced a partnership aimed at offering seamless and accessible financing options for customers purchasing electric e-rickshaws.
This collaboration is set to make the transition to electric transportation easier and more affordable for end users. "Our collaboration with Finayo is a significant step towards our goal of driving the mass adoption of electric e-rickshaws", said Rajiv Tuli, CEO of BYBY Electric. "By providing our customers with convenient financing options, we are making it easier for them to choose environmentally friendly transportation solutions", he added.
The partnership leverages Finayo's advanced financial technology platform to deliver customized lending solutions tailored to the unique needs of BYBY Electric's customers. Prospective e-rickshaw buyers will benefit from a streamlined application process, competitive interest rates, and flexible repayment terms.
"Our advanced lending solutions are designed to offer flexible and affordable financing, empowering more consumers to embrace sustainable transportation", said Nitin Kant, Director of Sales & Operations at Finayo. Finayo will provide a variety of financing plans designed to suit different budgetary requirements, making it easier for more people to afford sustainable transportation solutions.
Additionally, Finayo's technology will ensure a smooth, user-friendly financing experience from application to loan management. This initiative is expected to significantly boost the adoption of electric e-rickshaws, contributing to a cleaner and more sustainable environment.
This partnership marks a significant step towards promoting sustainable transportation by making electric e-rickshaws more accessible to a broader audience through innovative financing solutions.

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