ZELIO Ebikes has announced a strategic partnership with LoanTap to provide hassle-free financing options for customers. This partnership aims to enhance accessibility and affordability for customers across the country, enabling more EV enthusiasts to purchase ZELIO Ebikes’ diverse range of low and high-speed electric two-wheelers, including the popular X-Men, Gracy, Eeva, and Mystery models.
The collaboration with LoanTap offers a range of customer-friendly benefits that will make the purchase of ZELIO electric scooters more accessible. LoanTap’s flexible repayment plans allow customers to choose repayment terms that best suit their financial situation. The competitive low-interest rates ensure affordable monthly payments, and there are no hidden fees, providing transparency for customers. The quick approval process enables customers to get on the road with minimal delay, while customizable EMI options make it easier for customers to budget their payments. LoanTap also offers grace periods, providing greater repayment flexibility, and the easy-to-use app allows customers to manage their loan details from anywhere, anytime.
ZELIO Ebikes’ partnership with LoanTap will have a direct positive impact on dealers by boosting sales and enhancing customer engagement. Notably, LoanTap has set simple eligibility criteria to make it easier for a larger segment of customers to apply for financing. To be eligible, customers must be at least 21 years old and an Indian citizen.
Kunal Arya, Co-Founder and Managing Director of ZELIO Ebikes, stated, “As the electric vehicle market in India matures, we are seeing a growing number of consumers who are ready to embrace EVs and are actively seeking financing options to make the transition. This partnership with LoanTap allows us to meet that demand, offering customers accessible and flexible financing solutions. With this collaboration, we’re helping more people make the shift to sustainable transportation while expanding the reach of electric mobility across the country.”
Satyam Kumar, CEO and Co-Founder of LoanTap, added, “We are thrilled to partner with ZELIO Ebikes in promoting electric two-wheelers as the future of sustainable transportation. LoanTap’s flexible, transparent, and customer-first approach to financing makes this collaboration a perfect fit. We are excited to be part of ZELIO’s journey in making electric mobility accessible to more customers across India.”
ZELIO Ebikes dealers will be equipped with all the necessary tools and resources to effectively promote and explain the LoanTap financing options to their customers. This includes training sessions on financing details, dealer engagement activities, and the development of Standard Operating Procedures (SOPs) to ensure dealers are well-prepared to assist customers in making informed purchasing decisions. To further incentivize customers, LoanTap will run special promotions and limited-time offers, ensuring that more customers can benefit from attractive financing deals when purchasing ZELIO Ebikes.
In addition to these efforts, ZELIO Ebikes is committed to closely monitoring the success of its partnership with LoanTap to ensure it drives sales and enhances customer satisfaction at dealerships. This will be done through monthly reports, frequent meetings with dealerships, sales growth tracking, and by gathering dealer feedback and customer satisfaction surveys.
Since its inception, ZELIO Ebikes has quickly become a frontrunner in the Indian electric two-wheeler market, with an extensive network of over 273 dealerships and a growing customer base of more than 200,000 satisfied riders. With plans to expand its dealership network to 400 by March 2025, the company remains committed to providing eco-friendly, sustainable transportation solutions, further driving the adoption of electric mobility across the country.