EKA Mobility, one of India’s fastest-growing electric vehicle manufacturers, has entered into a strategic partnership with Shriram Green Finance, a subsidiary of Shriram Finance Limited, to accelerate the adoption of electric commercial vehicles across the country. This collaboration marks a significant step towards making sustainable mobility both affordable and accessible for fleet operators, transporters, dealers, and small businesses in metros as well as Tier-II and Tier-III cities.
Financing That Breaks Barriers
A major challenge in EV adoption has been the high upfront investment cost, which often discourages small and medium enterprises from transitioning to green mobility. Through this partnership, Shriram Green Finance will provide flexible and customized financing solutions for the entire range of EKA Mobility vehicles, including electric buses, light commercial vehicles (LCVs), trucks, and 3-wheelers.
By easing financial barriers, the collaboration empowers businesses to make the shift to zero-emission fleets without compromising on operational efficiency or profitability.
Leveraging Manufacturing Excellence and Financial Reach
EKA Mobility’s lean manufacturing processes and modular technology platforms ensure scalable and cost-efficient vehicle production. When combined with Shriram Green Finance’s robust financing network, the partnership is expected to lower the total cost of ownership (TCO) for operators. This will make EVs more competitive against traditional ICE (internal combustion engine) vehicles, speeding up the pace of adoption.
Leadership Speaks on the Milestone Collaboration
Industry leaders emphasized the long-term benefits of this partnership:
- Rohit Srivastava, EKA Mobility, highlighted how this initiative aligns with the company’s mission to democratize green mobility and support India’s ambitious net zero carbon emission targets.
- Nanda Gopal, Shriram Green Finance, reaffirmed the finance major’s commitment to driving sustainable economic growth by supporting customers in transitioning to environmentally responsible business practices.
Global Support for Local Growth
EKA Mobility’s vision is further strengthened by the backing of its global partners Mitsui (Japan) and VDL Groep (Netherlands), both renowned for their expertise in technology and mobility innovation. Their support enhances EKA’s position as a green disruptor in the commercial vehicle sector, ensuring access to world-class technologies and global best practices.
Aligning with India’s EV Transformation Journey
With strong policy support from the Indian government—ranging from FAME-II incentives to state-level EV adoption schemes—the commercial EV sector is witnessing robust demand growth. By addressing both product innovation and financial accessibility, EKA Mobility and Shriram Green Finance are poised to play a pivotal role in reshaping India’s EV ecosystem.
This partnership not only accelerates the transition to clean transportation but also promotes economic inclusion, allowing smaller businesses and operators to participate in the EV revolution.
Conclusion
The EKA Mobility–Shriram Green Finance alliance represents a powerful combination of innovative electric mobility solutions and accessible financing options. Together, they are set to catalyze India’s journey towards a cleaner, more sustainable future, while supporting the nation’s net zero mission.
As the demand for commercial EVs continues to rise, this collaboration could well define the next wave of India’s green mobility transformation, setting benchmarks for the global EV industry.
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