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India's leading electric two-wheeler company, ZELIO E Mobility, has announced a strategic partnership with Kotak Mahindra Bank. This collaboration aims to make ZELIO's electric scooters more accessible and affordable, providing customers with easy and flexible financing options. Under this partnership, buyers of popular ZELIO models such as X-Men, Gracy, Eeva, and Mystery can now avail up to 100% financing along with convenient EMI schemes. This initiative will simplify the electric two-wheeler purchasing process for customers.
This tie-up with Kotak Mahindra Bank follows ZELIO's recent partnerships with financial institutions like Ecofy and LoanTap. The collaboration further strengthens ZELIO’s efforts to offer comprehensive financing options to its customers.
The partnership with Kotak Mahindra Bank brings multiple advantages for ZELIO dealers. By offering easy and accessible financing solutions, dealers can attract more customers, leading to increased sales. Additionally, associating with a reputed financial institution like Kotak Mahindra Bank enhances the credibility of ZELIO dealers, giving customers greater confidence in their purchase decisions. The fast loan approval process will further streamline sales, boosting customer satisfaction and loyalty.
Kotak Mahindra Bank’s financing solutions offer several attractive benefits for customers. Buyers of ZELIO electric scooters can now access up to 100% funding, eliminating the need for a hefty down payment. EMI options range from 12 to 48 months, providing flexible repayment plans to suit different budgets. Additionally, Kotak Mahindra Bank promises quick loan approvals—often within 24 hours—ensuring a smooth and hassle-free purchasing experience. Customers can also choose from multiple payment options, including net banking and credit/debit cards.
Commenting on the partnership, Kunal Arya, Co-Founder and Managing Director of ZELIO E Mobility Ltd., said, "With increasing demand for electric two-wheelers driven by favorable government policies and rising environmental awareness, providing accessible financing solutions is crucial. Our collaboration with Kotak Mahindra Bank will offer customers flexible and convenient financing, enabling them to adopt sustainable mobility with ease. We are confident that this partnership will not only boost our sales but also enhance the overall purchasing experience for our customers."
Vandana Rajput, AVP (Product Head) at Kotak Mahindra Bank, expressed enthusiasm about the partnership, stating, "We are delighted to partner with ZELIO E Mobility. Having supported several key players in the EV sector, we remain committed to advancing the green mobility revolution in India. Through this collaboration, we aim to make eco-friendly transportation more accessible by providing seamless and tailored financial solutions."
Kotak Mahindra Bank will ensure that ZELIO dealers are well-equipped to communicate the benefits of the financing options to customers. The bank will conduct specialized training programs covering financing product details, customer engagement techniques, and marketing strategies. Additionally, Kotak will provide dealers with marketing materials to help them effectively explain financing options. Continuous support from the bank will enable dealers to maximize the benefits of this partnership and drive higher sales conversions.
Since its inception, ZELIO E Mobility has rapidly established itself in India’s electric two-wheeler market. With a robust network of 273 dealerships and over 200,000 satisfied customers, the company is continuously expanding its reach. ZELIO aims to increase its dealership network to 400 by March 2025, reinforcing its commitment to promoting eco-friendly transportation across India.
