iVOOMi partners with Bajaj FinServ and L&T to offer easy financing solutions for electric scooters


New Delhi, 13 October 2022: Electric two-wheeler manufacturer iVOOMi Energy, has recently partnered with Bajaj FinServ and L&T, to promote the adoption of electric scooters through easy retail finance options to its consumers. Under this partnership iVOOMi Energy will be providing hassle-free loans to customers, who can avail upto 100 % of the on-road prices of the electric two-wheelers with zero down payment.

With the rising demand of EVs in the Indian market, the central and the state govt have been promoting easy finance options for the consumers which will further aid the green revolution.

In order to provide customers with viable buying options, iVOOMi and Bajaj FinServ have partnered to offer upto 100% EV finance at zero down payment with a minimal 7% interest rate. With immediate effect, the company started offering its customers quick loans within 24 hours of their application.

Under the partnership, iVOOMi Energy aims to accelerate the growth of the electric vehicle (EV) ecosystem in the country and provides an option of financing services to both Bajaj Card holders and non-card holders alike to make the purchase of electric scooters more effective and accessible to all. The financing options will be available pan India across all the 50 iVOOMi dealerships.

Commenting on the partnership, Mr Sunil Bansal, MD & Co-founder, iVOOMi Energy says, “Electric Vehicles (EVs) are a viable solution to combat air pollution and ensure a greener future for the planet. We are spearheading EV adoption by making them accessible to consumers at convenient and low interest rates. We are implementing the financing solution in the offline model for now, and soon will be integrating the deals on our online portal which enables consumers to buy iVOOMi EVs in the comfort of their homes. We believe that ensuring consumer convenience is critical to accelerating EV adoption in India. We are delighted to partner with Bajaj FinServ to fast-track the adoption of EVs by providing appropriate financial services to consumers.”

Easy financing alternatives are available based on a person’s credit history, and those who are eligible can avail up to 100% cost of on-road price of electric two-wheelers with zero down payment.

The tenure for the same may range from 3 months to 36 months or even more. iVOOMi Energy will include all the channel partners over 50 locations across the country that can take advantage of the said services, with an online financing option coming up along with the launch of iVOOMi’s 2.0 D2C platform by Diwali season sale.