Greaves Finance has introduced a new financial platform called “evfin” for electric vehicles (EVs). The platform is designed to provide end-to-end financing solutions for EVs, from purchase to ownership. evfin offers a variety of financing options, including loans, leases, and installment plans. The platform also provides a range of value-added services, such as roadside assistance and insurance.
evfin is the first consumer finance technology platform in India to be fully dedicated to EVs. The platform is supported by Greaves Finance’s advanced digital lending suite, innovative asset management technology, and nationwide reach. This allows evfin to offer a seamless and convenient financing experience for EV customers.
The launch of evfin comes at a time when the Indian EV market is growing rapidly. The government of India has set ambitious targets for the adoption of EVs, and the industry is expected to grow at a CAGR of 49% from 2022 to 2030. evfin is well-positioned to capitalize on this growth, and it is expected to become a leading player in the EV financing market in India.
Here are some of the key features of the evfin platform:
- End-to-end financing solutions for EVs: evfin offers a variety of financing options for EVs, from purchase to ownership. This includes loans, leases, and installment plans.
- Range of value-added services: evfin also offers a range of value-added services for EV customers, such as roadside assistance and insurance.
- Advanced digital lending suite: evfin is supported by Greaves Finance’s advanced digital lending suite. This allows the platform to offer a seamless and convenient financing experience for EV customers.
- Innovative asset management technology: evfin also uses innovative asset management technology. This helps the platform to mitigate risk and ensure the smooth delivery of financing solutions to EV customers.
- Nationwide reach: Greaves Finance has a nationwide network of branches and dealerships. This allows evfin to offer its financing solutions to EV customers across India.
The launch of evfin is a significant development for the Indian EV market. The platform is well-positioned to capitalize on the growth of the EV market, and it is expected to become a leading player in the EV financing market in India.
