Indian EV startup Easy Power has introduced a strategic collaboration with IDFC FIRST Financial institution to offer automobile financing options for purchasers buying its electrical scooters throughout India.

The startup stated that theeligible clients can avail of loans by means of IDFC FIRST Financial institution at its authorised dealerships nationwide.

Beneath the partnership, each organisations will work collectively to advertise automobile financing options tailor-made for purchasers buying Easy Power scooters. The collaboration leverages IDFC FIRST Financial institution’s financing capabilities and Easy Power’s rising retail presence to offer clients with a seamless financing expertise on the level of buy.

“India’s transition to electrical mobility will likely be pushed not solely by innovation, but in addition by accessibility. As we proceed increasing our retail footprint throughout the nation, it’s equally vital to make EV possession extra handy for purchasers. This partnership with IDFC FIRST Financial institution will assist simplify the acquisition journey by enabling simpler entry to financing, permitting extra riders to expertise our long-range, high-performance electrical scooters and speed up the adoption of electrical mobility,” stated Shreshth Mishra, Co-founder at, Easy Power.

At present, Easy Power operates 73 retailers throughout 39 cities together with Bengaluru, Delhi, Patna, Bhopal, Agra, Goa, Vijayawada, Hyderabad, Visakhapatnam, Kochi, and Chennai, amongst others whereas persevering with to ramp up its pan-India growth.

Within the coming months, the startupwill broaden to Ranchi, Bhubaneshwar and different centres. The Easy OneS Gen 2 is priced from Rs 1,59,999  (ex-showroom) and Easy One Gen 2 is priced from Rs 1,94,999 (ex-showroom). The Easy Extremely is priced at Rs 2,34,999 (ex-showroom).

Final month, Simple Energy raised Rs 250 crore in a mixture of debt and fairness in a Collection B funding spherical led by household workplace of Dr. Arokiaswamy Velumani, together with Founder and CEO of Easy Power, Suhas Rajkumar, and Co-founder and CFO Ankit Gupta.