Electric vehicle startup Matter on Monday announced a “long-term partnership” with Mumbai-based two-wheeler financing platform Oto soon after the launch of its first EV bike—-Matter AERA—last month. The partnership will facilitate bookings for the much-awaited electric bike, which are expected to commence within the next 90 days, Matter Group CEO and Founder Mohal Lalbhai told DH. Oto will also aid potential buyers in securing financing for Matter AERA purchases at more appealing rates as the company claims to have 35% lower EMI options than other financiers.
Through the partnership, the companies are also hoping to focus on deeper penetration of EVs in the country’s smaller towns and cities, where “financing can often be tricky.”
