Montra Electric signs MoU with Ecofy to offer financing solutions – EQ
In Short : Montra Electric has signed a Memorandum of Understanding (MoU) with Ecofy to provide financing solutions for sustainable energy projects. This partnership aims to facilitate the adoption of renewable energy systems, energy efficiency initiatives, and other eco-friendly technologies. By offering accessible financing options, Montra Electric and Ecofy seek to empower businesses and individuals to transition towards clean energy solutions, contributing to the reduction of carbon emissions and fostering environmental sustainability.
In Detail : Enabling seamless Montra Electric ownership, expanding Ecofy’s climate finance commitment, and accelerating nationwide electric mobility adoption.
Montra Electric, the EV brand of Murugappa Group, and Ecofy, the green-only NBFC, have collaborated to provide accessible financing solutions for electric three-wheelers, marking a significant step in India’s transportation sector’s sustainability journey.
Rajashree Nambiar, Co-founder, MD & CEO of Ecofy, emphasised the company’s mission, stating that Ecofy aims to promote a sustainable, net-zero emissions future by providing financial support for eco-conscious choices.
Sushant Jena, Head of Montra Electric 3W Division, expressed that the MOU with Ecofy will facilitate EV adoption in India, easing the financing barrier for customers.
With India’s electric three-wheeler market experiencing substantial growth, the collaboration between Ecofy and Montra Electric is expected to empower individuals and businesses to embrace sustainable transportation.
