The collaboration aims to aid many people in easily obtaining financing for electric vehicles.
OTO has entered into a pivotal strategic partnership with Mufin Green Finance, aiming to revolutionize the electric vehicle (EV) financing sector, with a special focus on reaching underserved customer groups.
This collaboration marks a significant milestone for OTO, underscoring its dedication to leveraging technology for efficient financial services in the electric two-wheeler market. As the EV industry evolves, OTO’s partnership with Mufin Green Finance not only grants the latter access to OTO’s tech-savvy two-wheeler consumer base but also marks a strategic venture into the growing electric mobility sector. OTO has ambitious plans to sell 35,000 electric vehicles in 2024, reaffirming its commitment to promoting sustainable solutions. The combination of Mufin Green Finance Ltd.’s financial acumen and OTO’s technological expertise is aimed at boosting EV adoption in India. OTO plans to invest over 250 crores in green mobility, with more than 100 crores channelled through Mufin Green Mobility.
Sumit Chhazed, the Co-Founder and CEO of OTO, shared his thoughts on their collaboration with Mufin Green Finance. He emphasized that this partnership is not just about transforming finance but also about fostering a more sustainable future. Chhazed highlighted the company’s focus on electric two-wheelers as a key aspect of their vision for a sustainable and energy-conscious society. He also pointed out their commitment to offering innovative solutions for modern riders, underscoring their dedication to environmental responsibility.
Pankaj Gupta, the CEO of Mufin Green Finance, expressed that inclusion and empowerment are fundamental to their business decisions and strategies. He shared his enthusiasm about partnering with OTO, a company that aligns with their goals and vision. Gupta highlighted that this partnership allows Mufin Green Finance to connect with a youthful, technology-oriented, and affluent customer base, enhancing their retail offerings through high-quality services.
This partnership is set to provide vast benefits to many individuals looking for easy and accessible electric vehicle financing options.
