Mechanify, a leading platform for electric vehicle (EV) financing, has secured a significant ₹5 crore debt commitment to accelerate its mission of empowering delivery riders with affordable access to EVs. This funding will be used to expand the platform’s reach and offer more flexible financing options to riders across India.
Mechanify’s asset-light model enables it to partner with major vendors and finance companies to provide a wide range of new and used electric two-wheelers with competitive pricing and easy EMIs. The platform also offers additional benefits such as Annual Maintenance Contracts (AMCs) and integrated battery swapping stations, ensuring riders enjoy a hassle-free ownership experience.
By making EV ownership more accessible and profitable for delivery riders, Mechanify aims to contribute to a greener and more sustainable future. This new debt pool will help the platform achieve its goals by providing more riders with the opportunity to transition to electric vehicles.
Mechanify’s commitment to revolutionizing the way delivery riders earn and commute aligns with India’s growing focus on electric mobility. As the demand for eco-friendly transportation solutions continues to rise, Mechanify is well-positioned to play a crucial role in driving the adoption of EVs in the country.
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