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Kinetic Watts & Volts Ltd., the electric mobility arm of the Kinetic Group, has partnered with Hero FinCorp Ltd, Bajaj Finserv Ltd
, and CleverPe to create a retail financing ecosystem for its Kinetic DX and DX+ electric scooters.
According to the company, these partnerships will provide customers with a range of financing options, including traditional EMI-based loans and digital payment solutions. The facilities will be available at Kinetic’s authorised EV dealerships across India.
Kinetic Watts & Volts stated that retail financing remains a key enabler as it rolls out its market-by-market expansion plan. The tie-ups with two established financial institutions and one digital-first fintech platform are intended to address different customer segments, including first-time EV buyers and digitally oriented urban consumers.
Hero FinCorp and Bajaj Finserv are expected to provide scale and nationwide reach, while CleverPe will offer faster, technology-driven loan processing. Kinetic said the collaborations align with its plan to scale production, sales, and registrations across multiple regions.
Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Watts & Volts Ltd., said, “By partnering with Hero FinCorp, Bajaj Finserv and CleverPe, we have built a comprehensive retail finance ecosystem that offers customers flexibility, choice and confidence.”
Kinetic said its DX range revives one of its legacy scooter brands in an electric format, powered by a Range-X LFP battery architecture designed for safety and daily use.
Kinetic Watts & Volts Ltd., established in September 2022, operates an 87,000 sq. ft. manufacturing facility with automated production and quality systems, and positions itself as a maker of Made-in-India electric vehicles.
Kinetic Engineering Limited (KEL) is the flagship company of the Kinetic Group and runs a large component manufacturing facility in Ahilyanagar and supplies to OEMs ,including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain, and Sonalika Tractors.
According to the company, these partnerships will provide customers with a range of financing options, including traditional EMI-based loans and digital payment solutions. The facilities will be available at Kinetic’s authorised EV dealerships across India.
Kinetic Watts & Volts stated that retail financing remains a key enabler as it rolls out its market-by-market expansion plan. The tie-ups with two established financial institutions and one digital-first fintech platform are intended to address different customer segments, including first-time EV buyers and digitally oriented urban consumers.
Hero FinCorp and Bajaj Finserv are expected to provide scale and nationwide reach, while CleverPe will offer faster, technology-driven loan processing. Kinetic said the collaborations align with its plan to scale production, sales, and registrations across multiple regions.
Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Watts & Volts Ltd., said, “By partnering with Hero FinCorp, Bajaj Finserv and CleverPe, we have built a comprehensive retail finance ecosystem that offers customers flexibility, choice and confidence.”
Kinetic said its DX range revives one of its legacy scooter brands in an electric format, powered by a Range-X LFP battery architecture designed for safety and daily use.
Kinetic Watts & Volts Ltd., established in September 2022, operates an 87,000 sq. ft. manufacturing facility with automated production and quality systems, and positions itself as a maker of Made-in-India electric vehicles.
Kinetic Engineering Limited (KEL) is the flagship company of the Kinetic Group and runs a large component manufacturing facility in Ahilyanagar and supplies to OEMs ,including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain, and Sonalika Tractors.
