Quantum Energy, an electric vehicle start-up, has collaborated with I-Loan, a green finance firm under the LoanTap Group, to enhance the accessibility and affordability of its electric scooters throughout India.

This partnership is intended to offer customers flexible financing options and a streamlined purchasing process, thereby promoting the adoption of sustainable transportation across the country.

Flexible financing solutions

Under this collaboration, Quantum Energy customers can take advantage of I-Loan's diverse financing solutions, which include flexible repayment plans to alleviate the burden of upfront costs.

This strategic partnership aims to make Quantum Energy's Plasma, Milan, and Bziness electric scooter models more accessible to a wider range of consumers, including both daily commuters and businesses.

I-Loan is committed to providing a seamless and transparent financing experience, with minimal paperwork, fast loan approvals within 24-36 hours, and a secure process that ensures customer data protection. The company also prioritises transparency by eliminating hidden fees and foreclosure charges.

"This partnership with I-Loan is a crucial step in expanding our retail financing capabilities, ensuring that our electric scooters are more accessible to the average Indian consumer," said Chakravarthi C., Managing Director of Quantum Energy.

"With I-Loan's extensive financing options, we can offer our customers the flexibility needed to transition to eco-friendly transportation without worrying about upfront costs. We are confident that this will help us grow our market share and advance our mission of contributing to the green mobility revolution in India," he further added.

"We are thrilled to partner with Quantum Energy, a company that shares our vision of a sustainable future," stated Rajeev Das, CEO of I-Loan (LoanTap Group). "At I-Loan, we are committed to providing innovative financing solutions tailored to the diverse needs of our customers. Through this partnership, we aim to simplify the purchasing process for electric vehicles by offering quick loan approvals, minimal paperwork, and flexible repayment options. Our objective is to make the shift to electric mobility not just a choice, but an accessible and affordable reality for more Indians," Chakravarti continued.

Implications of the partnership

To support this partnership, I-Loan will equip Quantum Energy dealerships with resources and training to effectively promote the new financing options. These resources include QR codes for easy loan access and on-site support from I-Loan's field team. This integrated approach is intended to create a smoother sales process for dealerships and enhance the overall customer experience.

Quantum Energy, a subsidiary of Kusalava International, has rapidly emerged as a prominent player in the Indian electric two-wheeler market.

Leveraging Kusalava International's five decades of manufacturing expertise, Quantum Energy has sold over 10,000 vehicles since its establishment in 2022, securing a place among India's top 10 EV two-wheeler brands.

The company's rapid growth reflects its commitment to innovation, quality, and sustainable transportation solutions.

With a robust dealer network across states such as Uttar Pradesh, Tamil Nadu, Andhra Pradesh, and Bihar, Quantum Energy is well-positioned to expand its reach and meet the rising demand for electric vehicles in India.