MoU12 Dec 2024, 02:45 pm
Mangalam Industrial Finance Partners with WardWizard to Finance Electric Three-Wheelers
AI Summary
Mangalam Industrial Finance Limited, a leading non-banking financial company (NBFC), has entered into a strategic Memorandum of Understanding (MOU) with WardWizard Innovations and Mobility Limited. This collaboration aims to accelerate the adoption of electric three-wheelers by providing tailored financing solutions across India. The agreement focuses on supporting the purchase of WardWizard’s L3 and L5 three-wheelers, including passenger and cargo models. This initiative is designed to empower entrepreneurs, fleet operators, and small businesses with accessible and affordable electric mobility solutions.
Key Highlights
- Dedicated financing for WardWizard’s ‘Joy E-Rik’ electric three-wheelers, including L3 and L5 models.
- Affordable interest rates with flexible loan tenures.
- Financial assistance for WardWizard’s dealer network to expand accessibility across Tier 1, Tier 2, and rural markets.
- Exclusive schemes for small businesses, last-mile delivery operators, and fleet owners.