Hero Electric partners OTO Capital for flexible financing options for electric two-wheelers

Hero Electric on Wednesday said it has partnered with vehicle leasing start-up OTO Capital to offer affordable and flexible financing options for electric two-wheelers.

Under the partnership, OTO Capital will offer a flexible model to customers to lease an electric two-wheeler for a minimum of 12 months, after which they can choose to upgrade to any other model, the company said in a statement.

Commenting on the partnership, Hero Electric CEO Sohinder Gill said the flexible leasing model through OTO Capital will allow consumers to make a comfortable switch from internal combustion engine (ICE) vehicles to electric vehicles while making the whole ownership experience easier for buyers.