In a move set to shake up India’s EV market, Odysse Electric Partners with Shriram Finance to make electric two-wheelers more affordable than ever. This strategic collaboration promises flexible, hassle-free financing designed to help more customers switch to green mobility. But what makes this partnership so transformative for everyday riders, delivery executives, and families across India? And how could it accelerate the nation’s EV adoption faster than expected? Let’s dive into the details.
Driving Affordable EV Ownership
The Memorandum of Understanding (MoU) between Odysse Electric — a premium EV manufacturer under the Vora Group — and Shriram Green Finance opens the door for a wide range of customers, including daily commuters, gig-economy workers, delivery executives, small business owners, and families. Through Shriram’s extensive nationwide network, customers can now benefit from flexible payment plans that significantly reduce the upfront cost of owning an electric two-wheeler.
Nemin Vora, Founder and CEO of Odysse Electric, highlighted that the partnership symbolises a shared commitment toward transforming India’s mobility landscape. “By uniting advanced EV innovation with inclusive financing, we are opening the doors to a cleaner, smarter, and democratically accessible mobility ecosystem,” he said.
Shriram Green Finance’s National Business Head, Nanda Gopal, noted that this collaboration aligns with India’s broader sustainability goals. He emphasised that lowering financial barriers will help accelerate the adoption of zero-emission commercial vehicles and support the nation’s net-zero ambitions.
Key Features of the Financing Program
The financing options offered under the partnership are designed to be simple, fast, and customer-friendly. Shriram Green Finance will leverage its existing electric two-wheeler loan services, providing:
- High Loan-to-Value (LTV): Up to 100% of the on-road price may be financed, minimising upfront expenses.
- Competitive interest rates: Starting at 10% per annum, depending on the customer profile.
- Flexible tenures: Repayment options ranging from 12 to 36 months.
- Quick, paperless processing: Customers can apply digitally through the Shriram Finance website with rapid approvals and disbursal.
Eligibility Criteria
To apply for EV financing, customers must meet the following requirements:
- Age: Between 21 and 59 years
- Stable income: For both salaried and self-employed individuals
- Credit score: A score of 700+ is beneficial, though cases may vary
- Residence: Minimum 1 year at the current address
How to Apply for Odysse EV Financing?
Applying for an Odysse electric two-wheeler loan is quick and convenient:
- Visit the Shriram Finance website and register using your mobile number.
- Fill in your personal details and select the Odysse model you want to purchase.
- Upload KYC documents such as identity proof, address proof, and income verification.
- After receiving the in-principle sanction voucher, visit an Odysse Electric showroom to complete the purchase. A Shriram representative will assist you through the final steps.
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