Credifin Limited announced the launch of its new product EV Startup Loans. This product will promote entrepreneurship through EV business and deployment of active vehicles throughout the country. The EV Startup Loans will be available to any individual or company that wants to start a dealership or electric vehicle related business.
Under the EV StartUp Loans product, Credifin will provide the EV Entrepreneur loans up to Rs. Fifty Lakhs to begin with. On a need and case to case basis the loan amount can be increased going forward. With presence in over 200 locations in 13 states and expanding rapidly, Credifin is targeting 1000 EV Entrepreneurs in the next 2-3 years
Credifin has over 100 existing OEM partnerships across E-Rickshaw, L5 and EV 2 Wheeler Segment and will help the entrepreneur lendee with not just the financing but also facilitate tie ups with reputed manufacturers for setting up of the new dealership, at no cost. In addition, under the scheme, Credifin will also provide trade advance for the dealership to acquire the vehicles to be sold by them. Credifin will also offer financing of the vehicles to the end customer.
Credifin will help create EV entrepreneurs by creating an ecosystem where Credifin team will provide an end-to-end solution to the Entrepreneur. Whether it is setting up of the business, dealership, getting business leads, partnerships or help with local authorities for registration of the vehicles, Credifin’s team can assist the entrepreneurs and hand-hold them all the way.
“We at Credifin are committed to Building Bharat and what better way to do this than to make sure that our entrepreneurs have an enabling environment. Our EV StartUp Loan is a product that makes sure that setting up a business is made as easy as possible and that we are with them all through, ensuring that they not just survive but thrive. We have today, one of the biggest EV networks and we believe that the time is ripe to use this network to help individuals realize their dreams of building successful businesses in a sustainable manner”, says Shalya Gupta, CEO, Credifin Limited.
