Thursday, March 3, 2022

BLive Partners With Bangalore Based OTO Capital To Facilitate Easy Financing Of Electric Scooters And Bikes

* Partnership to offer easy financing options of EVs on lease basis to increase demand

BLive, India’s premier multi brand EV store with online and offline presence has partnered with OTO Capital, a platform providing affordable plans for bike and scooter ownership, to make EV ownership much quicker and easier for EV enthusiasts across the country. The partnership between OTO Capital and BLive is for sale, marketing and promotion of multiple 2wheeler EV brands on lease model on BLive platform. 

This one of a kind opportunity, allows audiences across the country to exercise choice, option and easy availability of Electric Scooters and Bikes at BLive stores, both offline and online, through OTO Capital.

Commenting on the announcement, Samarth Kholkar, Co-Founder, BLive, shared, “As India’s first EV experience platform, our vision is to offer customers easy and affordable ways to explore, experience and purchase escooters and ebikes. With a vision that EVs will replace the fuel vehicles soon, we have partnered with the leader in vehicle leasing. We firmly believe that our partnership will cater to the demand for EVs and help in adoption of the category in India, giving a boost to the industry.”

Customers can choose from amongst Kinetic Green, Techo Electra, Batt:RE, LML - Detel, and others brands on BLive stores, wherein OTO Capital will finance vehicle on a lease basis and BLive will be the single point of contact of the transaction between OTO Capital, Manufacturer and Customers.

Sumit Chhazed, Co-Founder and CEO of OTO Capital, expressed his thoughts saying, “We are thrilled to announce our partnership with India's leading EV Experience platform, BLive. EV financing has been a challenge in the country and one of the key roadblocks in EV ownership. Our vision is to bring in better options of commuting, while helping customers with easy financing options. We look forward to our partnership and helping people own their dream electric vehicle like never before.”

The partnership between BLive and OTO Capital will spread across 12 months and will apply to all the models of escooter and ebikes available at the BLive store. 

About BLive

BLive is India's first Electric Vehicle Experience platform. It follows an experiential approach of driving adoption of Electric Mobility through BLive EV Tours and the BLive EV Store. BLive EV Tours offers curated, authentic, and immersive local tours that can be experienced on smart, savvy, electric bikes. Customers can experience the joy of effortless riding and collect memories as they ride a new adventure off beaten trails. BLive is a top ranked activity on TripAdvisor across India and a recipient of the TripAdvisor Travellers Choice Award 2020. BLive EV Stores showcases multi-brand EV Two Wheelers and has already sold to customers in over 50 cities across India. BLive will soon launch its offline stores with a focus on Tier2 and Tier3 cities across India.

About OTO Capital

Welcome to the future of Bike Ownership!

OTO aims to provide affordable plans for your dream bikes at 35% lower EMIs than banks. We at OTO put our customers first and use technology to simplify the buying process. We are a small team, but we dream big of making bike ownership flexible, pocket-friendly & hassle free.

I have also attached the images of the newly opened store for your reference. Request if the same can be carried in your esteemed publication.

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