Ecofy Finance Private Limited, India’s first green-only NBFC, has collaborated with Motovolt Mobility, a leading provider of electric two-wheeler solutions, to provide comprehensive financing options for both retail and institutional customers. Under this strategic partnership, Ecofy will serve as the main financing partner for Motovolt’s full range of electric two-wheelers, including the recently launched MVS7 e-scooter with its battery swapping capability supported by Indofast. This collaboration aims to eliminate financing obstacles that hinder electric vehicle adoption for individual consumers and, more crucially, for logistics service providers, fleet operators, and last-mile delivery companies.
By offering customized and scalable credit solutions alongside access to the OEM’s robust electric two-wheelers, the partnership helps these businesses decrease total ownership costs and achieve greater vehicle uptime, thereby promoting a more sustainable ecosystem. With the rapid growth of India’s gig economy and logistics sector, it is essential for delivery platforms, e-commerce supply chains, and shared mobility operators to access tailored financing. This initiative addresses that need and creates benefits for both B2B operators and B2C customers. Kailash Rathi, Head of Partnerships & Co-lending at Ecofy, stated, “Our collaboration with Motovolt Mobility marks significant progress in making green financing more accessible throughout India.
We aim to empower not just individual EV buyers but also logistics service providers and fleet operators in their transition to greener fleets. For businesses, this results in reduced operating costs, increased efficiency, and substantial carbon savings. This aligns perfectly with our mission to support climate-positive sectors and expedite India’s shift to sustainable mobility.” Tushar Choudhary, Founder & CEO of Motovolt Mobility, remarked, “We are excited to partner with Ecofy Finance, as we believe that genuine EV adoption in India hinges on both product availability and accessibility for those who need it most. Financing is a vital component of this ecosystem.
Through this partnership, we aim to facilitate seamless green financing via integrated solutions across our B2B and B2C channels, enhancing our ability to serve the market in a more inclusive and scalable manner.” The initiative, alongside Motovolt Mobility, is set to significantly increase financing for electric two-wheelers over the coming year, with a considerable portion allocated to fleet and institutional customers. Utilizing data-driven credit assessment models and integrated dealership financing processes, the partnership guarantees a smooth customer experience from vehicle selection to ownership, whether for individual buyers or large fleet deployments.