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EKA Mobility, an electric vehicle and technology company, has signed a Memorandum of Understanding (MoU) with Shriram Green Finance Limited, a wholly owned subsidiary of Shriram Finance Ltd. The partnership aims to provide financing solutions to accelerate the adoption of electric commercial vehicles (EVs) in India.
Under this collaboration, fleet operators, transporters, dealers, small businesses, and community organizations will gain access to flexible and affordable financing options for EKA Mobility’s range of EVs, including buses, light commercial vehicles (LCVs), trucks, and three-wheelers.
Rohit Srivastava, Business Head and Chief Growth Officer at EKA Mobility, stated that scaling EV adoption requires not only technological innovation but also strong financial infrastructure. He emphasized that the partnership will combine EKA’s expertise in EV manufacturing with Shriram Green Finance’s extensive distribution network to accelerate sustainable mobility solutions.
Nanda Gopal, National Business Head at Shriram Green Finance Limited, said that the company is committed to advancing green transportation in India. The tie-up with EKA Mobility, he noted, aligns with their objective of funding eco-friendly mobility options that contribute to both economic growth and environmental sustainability.
The MoU is expected to lower financial barriers to EV adoption, boost the deployment of zero-emission commercial vehicles, and support India’s broader climate goals, including its progress toward achieving net-zero emissions.
