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Benling India partners with NBFCs to offer financial services to customers.

After the tie-up, customers without a credit card or CIBIL, can lake loans to buy electric scooter.

Electric two-wheeler manufacturing company Benling India Energy and Technology Limited today announced its partnership with NBFCs HDB Financial Services, ICICI Bank, and IDFC Bank. These financing platforms will offer customers affordable and transparent credit to purchase Benling India electric scooters. The partnership will offer affordable financing options and will facilitate the buyers with low-interest credit/ EMI options. These NBFC companies outline the importance of priority sector recognition for retail lending in the electric mobility ecosystem.

Earlier, Benling has also partnered with Bajaj Finserv, LiquiLoans, Loan Tap, and Manappuram Finance to give financing options to customers.

Buyers can avail the financing options after completing the KYC formalities. Even people without a credit card or CIBIL score can apply and avail loan to purchase the electric scooter.

Benling Electric Scooters.

Benling India has a product portfolio of four electric scooters: Aura, Falcon, Kriti, and Icon.
Aura is their best-selling e-scooter. It has a range of 100+ km in eco mode. It has features like USB Port, Button Start/Stop, Smart Breakdown Assistance, Smart Digital Speedometer, Parking Assistance, and Anti Theft Protection Alarm.
Benling e-scooters are available across 160 cities in 22 states in India.

benling aura e-scooter in kolkata
Benling Aura Electric Scooter

Official Statement

Mr. Amit Kumar, CEO, and ED, Benling India, said, “India bought more electric vehicles last year than what was purchased collectively in the past 15 years. We too registered a stunning growth ending the year selling more than 45,000 units. We plan to capture 9 percent of the market share by penetrating 50 cities in the current fiscal. The latest partnerships will help us overcome multiple barriers in the E2W financing space (EMI) in a structured manner and establish Benling India as a market leader in India. Having experienced over 2X growth in the last FY, we have built partnerships with major NBFC Players and anticipate financing 70 percent of our electric vehicle models. This move will certainly fast-track the adoption of Benling India EV solutions among the unbanked and underserved individuals in India. Lots of EVs are being purchased in small towns (Tier 2, 3, and 4) where there is a very limited supply of credit. While most of these towns are served by banks, not all banks finance E2W. These NBFCs & Financial Institutions have deployed themselves quite efficiently across the country and continue to build deeper roots in the EV financing segment. They are aiding and bridging the financing gap for E2W.

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