The collaboration with Mufin Green Finance marks a watershed point in OTO’s journey, emphasizing the company’s dedication to using technology for smooth financial solutions in the electric two-wheeler industry. Recognizing the changing EV industry landscape, OTO’s collaboration with Mufin Green Finance not only gives the latter access to OTO’s digitally savvy customer base in the two-wheeler sector, but also represents a strategic move towards the burgeoning electric mobility sector, according to the company.
OTO has set an ambitious goal of selling 35,000 electric vehicles by 2024, demonstrating its commitment to promoting the use of environmentally friendly alternatives. The collaboration between Mufin Green Finance Ltd.’s financial competence and OTO’s technology prowess aims to speed the adoption of electric vehicles in the Indian market. With plans to invest more than 250 crores in green mobility, OTO intends to deploy more than 100 crores through Mufin Green Mobility.
“By partnering with Mufin Green Finance, we are not only shaping the future of finance, but also fostering a greener tomorrow,” stated Sumit Chhazed, Co-Founder and CEO of OTO. Our emphasis on electric two-wheelers fits in perfectly with our vision of a sustainable and energy-conscious society, underlining our commitment to provide innovative solutions for the modern rider while prioritizing environmental stewardship.”
Mufin Green Finance CEO Pankaj Gupta stated, “Inclusion and empowerment are at the heart of every business decision and strategic initiative at Mufin Green Finance.” We are excited to collaborate with OTO, an organization whose mission and goals align with ours. We anticipate that by partnering, we will be able to target and serve the young, digitally savvy, and affluent generation of customers, as well as grow our retail portfolio by offering them with the highest quality services for which we are known.”
The collaboration will assist a large number of people looking for quick and accessible financing solutions for electric automobiles.
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