Hero Electric has announced that it has partnered with Autovert Technologies for alternative ownership models for new buyers. Under this partnership, Autovert, a fintech start-up will allow Hero Electric customers to opt for subscription-based plans, claims Hero Electric.
As the company claims, the subscription plans start from Rs. 2,999 (US$ 40) per month. This scheme is claimed to be allowing Hero Electric customers to avail the vehicle, along with bundled services like comprehensive insurance, service & maintenance, loyalty bonuses and attractive upgrade options.
Commenting on the collaboration, Sachin Mehta, co-founder and director, Autovert Technologies, said, "Customers today are looking for alternative ownership options apart from ease of usage. The future of affordable personal mobility is electric driven. Understandably, so is our focus."
He also said, "The new generation of buyers looks for easier and newer ways of engagement - one that is data-driven. We want to offer our services to the buyers of EVs as we see great potential and rise in their demand. Hero Electric echoes our sentiment of innovation and together we hope to provide the users with the financial ease to buy, run, and maintain the vehicle."
Sohinder Gill, chief executive officer, Hero Electric, said, "Ease and convenience are one of the most valued aspects of buying any vehicle. Unfortunately, EV sector does not experience much ease and joy when it comes to financing. Through our collaboration with Autovert, we are determined to offer singular experiences of buying and owning Hero Electric vehicles without much fuss."
He further added, "While we are witnessing a growth in the EV sales, it is of utmost important to also offer rich experiences to our customers and make their experience of owning an electric vehicle hassle-free. As sales volumes rise, this partnership with Autovert will simplify and facilitate EV sales in India while giving Hero Electric buyers the ease that is priceless."