EV scooter maker Ampere ties up with Muthoot Capital for retail financing

New Delhi/ Bengaluru, July 28: Ampere, the makers of electric scooters, today announced partnership with Muthoot Capital Services to enable customers “convenient, flexible, and customer-centric” retail financing solutions for its two-wheelers.

The partnership is aimed to make electric mobility ownership more accessible and affordable across India and help accelerate EV adoption, the company said.

The partnership is designed to bridge affordability barriers by offering financing solutions tailored to diverse income profiles and mobility needs, it said.

Flexible repayment options of the collaboration are expected to broaden access to electric mobility by making ownership more convenient, affordable, and financially sustainable for EV buyers, salaried professionals, self-employed individuals, gig workers, or small business owners.

Ampere is a unit of Greaves Electric Mobility Limited (GEML), whose Chief Business Officer Manoj M.P. said, “Our partnership with Muthoot Capital Services Ltd. brings together trusted and our growing electric two-wheeler portfolio to offer seamless and customer-centric ownership solutions. Together, we aim to remove financial barriers, empower customers with greater choice and convenience, and accelerate the adoption of clean mobility across Bharat.”

Mathews Markose, CEO, Muthoot Capital Services Ltd., said, “Our partnership with Ampere brings together Ampere and Muthoot, two trusted brands, with a shared vision of democratizing access to electric mobility.” 

With over 18 years of experience in designing and manufacturing of electric vehicles, Ampere, has established a strong presence in India’s electric two-wheeler market. (BVI)