Welectric launches electric two-wheeler lease program Leazy for corporate employees.
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Welectric launches electric two-wheeler lease program Leazy for corporate employees.

Leazy by Welectric offers range of benefits for corporate employees with flexible EV ownership options and hassle-free after-sale services at doorstep.

Welectric has announced the launch of its multi-brand electric two-wheeler lease program called Leazy. The first-of-its-kind EV two-wheeler lifecycle management company is poised to catalyze the EV transition with its innovative approach to address all the fear, uncertainty, and doubts around financing, maintenance, and aftermarket of EVs.

Leazy offers a range of benefits to corporate employees, including the choice of a brand-new electric scooter or motorcycle of their choice with all after-sale services at their doorstep and flexible ownership options. By switching to electric mobility, employees can save a significant amount of money on fuel and maintenance costs from day one. In the process, they also reduce their carbon emissions and contribute to cleaner air and a healthier environment.

The attractive monthly lease rental also gives the employee a tax benefit, similar to that of a company car lease. With increasing traffic congestion in urban areas, electric scooters and motorcycles provide employees with a nimble and efficient way to navigate through crowded streets and reach their workplace on time.

Moreover, Leazy includes comprehensive insurance coverage, scheduled maintenance, and doorstep assistance, ensuring that employees have a hassle-free and convenient experience. The program takes care of all the worries and uncertainties around EV ownership, making it easy and accessible for everyone.

As ESG and sustainability initiatives become increasingly important to companies, Welectric’s Leazy program offers a unique employee benefit and retention tool that aligns with these values. Companies are now utilizing electric vehicles for employee transport and encouraging their employees to switch to electric mobility by providing incentives and installing charging stations on office premises.

Welectric has partnered with top electric two-wheeler manufacturers like Ather, Bajaj, Hero, and TVS to offer a wide range of options on their multi-brand EV 2W Lifecycle Management Platform. The leasing program includes electric scooters and motorcycles from reputable brands, equipped with advanced features like long-range batteries, fast-charging capabilities, smart connectivity, and superior performance. Through Welectric’s digital platform, employees can easily select from various models that best fit their commuting requirements and preferences, ensuring a personalized, digital, and convenient experience.

Lease rentals include embedded finance at lower than market interest rates, even for petrol two-wheelers, thanks to Welectric’s partnerships with financers like Tata Capital and innovative structuring, reducing asset risk. Tata Capital is a leading player in vehicle and equipment leasing, providing unique solutions for corporates.

“An electric two-wheeler is the most planet friendly, pocket friendly and time efficient mode of city commute,” said Welectric’s CEO & Founder, Vikas Jain. “By providing an all-inclusive solution without any deposit, down payment or processing fee and commitment to manage the EV lifecycle, Welectric is making electric two-wheeler ownership mainstream. For a cleaner, greener and more sustainable future of our cities, our default personal mobility option needs to be an EV two-wheeler. We are thankful to the leadership team at Tesco Business Services to pioneer our first-of-its-kind solution in India.”

Also Read: Okinawa Autotech launches advanced version of its Praise electric scooters.

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