AMU Leasing and Saera Electric Auto have partnered to provide vehicle financing.

Customers looking to purchase electric vehicles now have access to financing options thanks to a contract that Saera Electric Auto has signed with AMU Leasing.

One of the major players in the electric vehicle market, Saera Electric Auto Private Ltd. (SEAPL), has entered into a vehicle financing agreement with a non-banking financial institution (NBFI), AMU Leasing Pvt. Ltd. Customers looking to purchase electric vehicles now have access to financing options thanks to a contract that Saera Electric Auto has signed with AMU Leasing.

This is another step towards accelerating the penetration of clean mobility on Indian roads, according to Nitin Kapoor, Managing Director of Saera. A total of 260,000 EVs can be produced annually at the company's plants in Bhiwadi (Rajasthan), Bawal (Haryana), and Kosi (UP). The senior officials of the company claims that Saera has made a name for itself in the industry as a leader with "immense repute and expertise" in producing clean and green cars.

According to the agreement, SEAPL customers looking to purchase electric vehicles can take advantage of simple financing options from ALPL. Nitin Kapoor, managing director of Saera Electric Auto, stated: "Our most recent partnership with AMU Leasing Pvt. Ltd., one of the most reputable NBFCs with AI and tech capabilities, has allowed us to advance our mission to hasten the adoption of clean mobility on Indian roads. ALPL has a long history in the financial industry and offers a variety of financing options in states like Delhi, Haryana, and Uttar Pradesh.”

Saera currently operates three cutting-edge plants. The first one, with a 24000-unit production capacity, is in Bhiwadi, Rajasthan. The second plant, located in Bawal, Haryana, has an annual production capacity of 36,000 three-wheelers and 2 lakh electric two-wheelers. Additionally, a third plant with a 24000-unit annual production capacity has been established in Kosi, Uttar Pradesh. All of the electric vehicles produced by SEAPL are created and put together using state-of-the-art technology.

About Saera Electric Auto

The well-known Satra Group of Companies is the parent company of Saera Electric Auto. Satra Group has a diverse business portfolio in industries like auto parts, electric vehicles, and agricultural equipment. Mayuri, a well-known brand for e-rickshaws and e-carts, is the signature brand of SEAPL. Additionally, the business produces YOGO, a well-known 2W brand.

About AMU

AMU Leasing Private Ltd. (ALPL), an NBFC with a Delhi office and an RBI license, was established on September 24th, 1993. This is the first NBFC focused solely on the EV ecosystem that is AI and tech-driven by women. For business, transportation, and supply needs, ALPL works with corporations, fleet operators, third-party logistics providers, FMCG companies, OEMs, and many more. The business offers qualified organizations loans for electric three- and four-wheelers in exchange for asset hypothecation.

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