Byby e-Rickshaw Partners with Revfin to offer hassle-free financing for consumers

New Delhi, April 6 (IANS) Electric transport company Byby e-Rickshaw has announced a partnership with digital lender Revfin to facilitate smooth financing for e-rickshaws. ByBy, a leading manufacturer of e-rickshaws and e-loaders for the past decade, aims to empower individuals in society through this collaboration.

ByBy co-founder Rajiv Tuli expressed the significance of the Memorandum of Understanding (MoU), stating that it will enable individuals to become self-reliant. Tuli highlighted the positive impact of e-rickshaw drivers being able to support their families and provide quality education to their children.

The agreement between Revfin Founder Sameer Aggarwal and Tuli aims to streamline the availability of e-rickshaws, ensuring that high-quality vehicles reach those in need. ByBy’s e-rickshaws and e-loaders are currently in use across various states, including Assam, catering to a wide market.

Revfin, with a track record of financing electric vehicles since 2017, primarily serves customers in towns, tehsils, and small cities. The company offers easy installment plans without extensive formalities, making e-rickshaws and electric vehicles accessible to a broader customer base through its non-banking finance company (NBFC) loans.