Raptee.HV Partners with IDFC FIRST Bank to Offer Financing for Electric Motorcycles
Raptee.HV has partnered with IDFC FIRST Bank to provide financing options for its electric motorcycles. The company said the collaboration is aimed at improving access to vehicle loans and simplifying the purchase process for customers.
Raptee.HV Partners with IDFC FIRST Bank to Offer Financing for Electric Motorcycles
Raptee.HV has announced a financing partnership with IDFC FIRST Bank as the electric motorcycle manufacturer expands its retail financing network in India.
The company said the partnership will enable customers to access loan facilities while purchasing Raptee.HV electric motorcycles. Financing options will include loan products designed to support vehicle purchases through a streamlined application and approval process.
Also read: Ampere Reo VYB Electric Scooter Launched in India at Rs 69,499
Financing Partnership
According to Raptee.HV, the collaboration with IDFC FIRST Bank is intended to address financing-related challenges that can influence electric vehicle adoption. Customers purchasing Raptee.HV motorcycles will be able to access financing solutions through the bank as part of the buying process.
The company stated that the partnership is expected to support easier access to vehicle loans and repayment options for prospective buyers.
Expanding Retail Finance Network
In addition to IDFC FIRST Bank, Raptee.HV has existing financing partnerships with Indian Overseas Bank (IOB) and Shriram Finance. The company said it is also working to onboard additional retail finance partners.
Insurance Support for Customers
Raptee.HV has partnered with Muthoot Risk Insurance and Broking Services Pvt. Ltd. as its preferred insurance service provider across its dealership network. The arrangement will be supported through associations with general insurance companies to provide insurance coverage options for customers purchasing the company's motorcycles.
Focus on Ownership Ecosystem
The company said the financing and insurance partnerships form part of its efforts to build supporting services around electric motorcycle ownership. These initiatives are aimed at providing customers with access to financing and insurance during the vehicle purchase process.
Dinesh Arjun, CEO & Co-Founder of Raptee.HV said, “For most customers, the decision to switch to electric is not just about the motorcycle itself; it's about how easy and convenient the entire ownership experience is. At Raptee.HV, we have always focused on removing friction at every step of that journey, whether it's charging, service, insurance, or financing. Through our partnership, customers can now benefit from easier access to financing and a smoother purchase experience, making it simpler to own an electric motorcycle. This partnership is another important step towards accelerating the adoption of electric motorcycles across India."
Elctrik Speaks
Access to financing remains an important factor in the adoption of electric two-wheelers, particularly in the motorcycle segment where purchase prices are often higher than conventional alternatives. Partnerships between EV manufacturers, banks and financial institutions are increasingly becoming a key part of the ownership ecosystem, helping customers access vehicle loans and insurance through a single purchase channel.