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CASHe Ventures into Electric 2-Wheeler Financing with ‘CASHe Green’

CASHe has unveiled its latest venture into electric 2-wheeler (e2W) financing with the introduction of ‘CASHe Green.’ This move comes amidst the burgeoning demand within the e2W market, which has witnessed remarkable growth in recent times.

Targeting the rapidly expanding e2W segment, CASHe Green offers tailored financial solutions to cater to the evolving needs of consumers. The platform has forged partnerships with three prominent two-wheeler OEMs, ensuring users access to a seamless, fully digital finance experience.

With a commitment to affordability, CASHe Green boasts competitive interest rates, dipping below one percent per month, along with extended EMIs spread across 20 months. Moreover, the financing options extend up to 2 lakh in credit, enhancing accessibility for potential buyers.

In a bid to provide comprehensive support throughout an e2W’s ownership lifecycle, CASHe Green offers flexibility in financing components such as battery replacements and essential system upgrades. Furthermore, the finance solution includes an exchange option, enabling consumers to trade in their existing Internal Combustion Engine (ICE) two-wheelers for brand new e2Ws.

The timing of CASHe’s entry into e2W financing aligns with the sector’s remarkable growth trajectory. In 2023, e2Ws accounted for a substantial 62% of total EV sales, driven primarily by a threefold surge in e-scooter purchases. Notably, the Indian e2W market witnessed an unprecedented surge, recording a record-breaking 866,853 sales, marking a significant 33.5% increase from the previous year. This surge can be attributed to robust FAME II subsidies and the emergence of ambitious startups in the sector.