Wardwizard Innovations and Mufin Green Finance Join Forces to Offer Tailored Financing Solutions for Electric Vehicles

Wardwizard Innovations & Mobility, based in Gujarat, has formed a strategic alliance with Mufin Green Finance. This partnership aims to offer tailored financing solutions for electric cargo three-wheelers and passenger rickshaws. The agreement was signed by Akhtar Khatri, Wardwizard's Director for Sales and Strategy, and Dhiraj Agrawal, Chief Business Officer of Mufin Green Finance.

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Customised Financing Solutions

Mufin Green Finance, an NBFC specialising in loans for three-wheeler electric vehicles, will handle credit evaluations and financing terms. Additionally, they will manage carbon credit benefits. Wardwizard will support operations, including the buyback of repossessed vehicles in their current condition. This collaboration will empower consumers and boost electric vehicle adoption by providing viable financial support.

Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited (WIML), expressed optimism about the partnership. "We look forward to strengthening the EV ecosystem in partnership with Mufin Green Finance Ltd and making EV ownership more accessible and affordable in India," he stated. This initiative aims to make electric vehicle ownership more accessible across the country.

Expanding Fleet Operations

Mufin Green Finance will also extend its financing solutions to support fleet operations for Wardwizard's Joy e-bike electric two-wheelers and Joy e-rik electric three-wheelers. This includes offering customised financing options for fleet owners and operators. The goal is to accelerate the adoption of electric vehicles in commercial and logistics sectors.

The partnership between Wardwizard and Mufin Green Finance is set to enhance the penetration of electric vehicles in India. By providing tailored financial solutions, they aim to make EV ownership more feasible for a broader audience. This collaboration is a significant step towards a sustainable future in India's transportation sector.