New Delhi :  To further enhance customer experience, one of the leading players in the electric vehicle industry, Saera Electric Auto Private Limited (SEAPL) has signed vehicle financing tie-up with India’s largest and trusted asset-based non-banking financial company (NBFC), Shriram Transport Finance Co Ltd (STFC). Under the agreement, customers of SEAPL planning to buy electric vehicles can avail easy financing options from STFC.

“Our latest collaboration with one of the most trusted financing companies like Shriram Transport Finance has enabled us to take another step towards establishing our goal to accelerate the penetration of clean mobility on the Indian roads. STFC has long established its name in the financial sector with a wide range of financing facilities in more than 900 locations in India,” stated Managing Director of Saera Electric Auto Nitin Kapoor.

Saera Electric Auto is the subsidiary of the reputed Satra Group of Companies, which has a diversified business portfolio in domains like automobile spare parts, electric vehicles and agriculture equipment. The signature brand of SEAPL is Mayuri, popular for e-rickshaw and e-cart. The company also manufactures YOGO, the renowned 2W brand.

“We will be able to provide hassle-free financing of electric three-wheelers for SEAPL through its 400+ dealer network locations which are spread across the country. Saera has established itself a leading player in the domain with immense repute and expertise in manufacturing of clean and green vehicles and we are optimistic that together we will make significant contribution towards reducing the country’s carbon footprint,” said Spokesperson of Shriram Transport Finance Company

Currently, Saera has three state-of-the-art plants. The first one is in Bhiwadi (Rajasthan), which has a production capacity of 24000 units. The second plant is in Bawal (Haryana) having  a production capacity of 2 lakh units of electric two-wheelers and 36,000 units of three-wheelers in a year. A The third plant in Kosi (UP) having a production capacity of 24000 Units annually has also been set up  . All electric vehicles manufactured by SEAPL are designed and assembled using cutting-edge technology prevalent in the industry.