Warivo Motor and CleverPe Team Up: Lowering EV Financing Barriers

Warivo Motor Pvt Ltd, a leading Indian manufacturer of electric two-wheelers, has forged a strategic partnership with CleverPe, a prominent financing company, to enhance accessibility and affordability of electric vehicles (EVs). Through this collaboration, Warivo aims to leverage CleverPe’s flexible financing solutions to better cater to customer needs and drive retail sales.

The partnership entails favorable terms for consumers, including reduced interest rates, extended EMI periods, and enticing promotional offers, designed to make the financing options more attractive.

Warivo is providing financing support for customers looking to purchase electric vehicles (EVs). This support will allow customers to spread the cost of their EV purchase over a period of time, making it easier to manage expenses during the transition to electric mobility.

Warivo Motor’s financing solutions cater to both high-speed and low-speed electric vehicles, with a specific emphasis on the often-overlooked low-speed segment. This addresses a significant gap in the market, enabling a wider range of customers to access the benefits of electric vehicles. Ultimately, this initiative aims to promote a shift from traditional fuel-powered vehicles to cleaner alternatives.

Speaking on the announcement, Mr. Shammi Sharma, CEO of Warivo Motor stated, “Our collaboration with CleverPe marks a key milestone in our quest to promote the adoption of electric vehicles in India by providing cost-effective solutions for all. With flexible financing alternatives, we are making personal electric mobility easily available to a larger customer base – the idea is to positively assist India’s shift to cleaner mobility solutions”.

Manveer V, Founder of CleverPe, commented on the partnership, “We are thrilled at the partnership with Warivo Motor as it aligns perfectly with our commitment to providing innovative financing solutions that empower consumers. By offering tailored EMI plans and special incentives, we are keen to make it easier for people to embrace electric vehicles and contribute to a greener future. We look forward to supporting the Warivo team in their vision for a cleaner, greener India.”

This partnership arrives at a critical juncture as the Indian electric vehicle market experiences heightened demand attributed to rising fuel costs and escalating environmental consciousness. By reducing financial impediments, Warivo Motor and CleverPe are actively bolstering India’s transition towards sustainable transportation and diminished carbon footprint.