BattRE Collaborates with ZestMoney To Provide EMI solution to customers

BattRE Electric Mobility Pvt Ltd, a technology-driven EV startup today announced their partnership with ZestMoney, an AI-driven EMI financing platform. With this collaboration, customers can own BattRE Electric scooters with affordable and transparent credit made available.

With ZestMoney, even customers with no previous CIBIL score can get access to financing. This facility is valid for all the models of BattRE electric scooters like BattRE IOT, BattRE One, BattRE Lo:EV and BattRE Gps:ie.

Customers can book any BattRE electric scooter from the dealers located across 12 states and avail financing option from ZestMoney. Customers can complete KYC formalities online and may not have to visit the dealer too. The process can be done remotely and a request is usually approved in a few hours. Even people without credit cards or a CIBIL score can apply and avail loan for purchasing the scooter. They can choose EMI tenure of 3, 6 or 12 months for repayments.

In the words of Pankaj Sharma, Co-Founder of BattRE Electric Mobility, "At BattRE, our belief is to focus on affordability, convenience & ease to our customers. Our partnership is a step towards making electric scooters affordable to everyone especially during Covid. This EMI facility provided in partnership with Zest Money will enable customers to book & enjoy riding BattRE electric scooter which is an aspiration for every millennial's & working professionals.

Commenting on the partnership, Lizzie Chapman, CEO & Co-founder of ZestMoney said, "We are excited to partner with BattRE at a time when demand for electric scooters is at an all time high. People are increasingly looking for EMI financing options to fuel their dreams. Current circumstances around COVID-19 also necessitate the need for contactless and digital means of credit. At ZestMoney, our fully automated and data driven loan disbursal model is the best suited solution in these times. Affordable financing options will play a crucial role in reviving demand as well."

Post lockdown it will be a huge challenge to maintain physical distancing in overcrowded public transport. A majority of commuters might prefer personal mobility– as it will be safer & convenient to travel. According to a study conducted by Frost and Sullivan – e-rickshaws, e-autos, and e- two-wheelers are the most promising segments
for electrification in India and are supposed to account for over 4-million sales by 2025. The study also suggests that 30-40 percent of scooters in the country will be electric in 7-8 years.