Chargeup and Eleven commit ₹50 crore to EV loans and health cover for 10,000 drivers

EV tech platform for last-mile drivers Chargeup has partnered with Eleven to launch a ₹50 crore “Green Clean Loans” programme that combines EV financing and health inclusion for India’s last-mile drivers.

The initiative targets 10,000 drivers and aims to address two key barriers to EV adoption: high upfront ownership costs and limited access to affordable healthcare.

Eleven, a Gurgaon-based business group, has brought together its group companies—SV Credit Line (SVCL), aiqa health and Finncub—onto Chargeup’s technology platform.

SVCL will provide EV loans, while aiqa health will offer insurance and healthcare benefits, and Finncub will manage digital processes from loan origination to disbursement.

Chargeup’s platform will integrate financing, insurance and performance-assurance services for last-mile EV users.

The programme also introduces a daily hardship allowance to compensate drivers for income lost during hospitalisation, offering financial continuity during medical emergencies.

Varun Goenka, Founder & CEO of Chargeup, said, “Our Green Clean Loans initiative carries this vision forward by ensuring drivers not only access sustainable mobility, but also remain financially and medically protected against unforeseen shocks that could threaten their livelihood.”

Karan Chopra, representing Eleven Group, said, “Through Eleven’s ecosystem comprising SVCL for finance, aiqa for health protection, and Finncub for digital enablement, we are bridging the gap between credit, healthcare, and technology.”

Chargeup claims to have enabled EV ownership for more than 8,000 drivers and facilitated over ₹8.64 crore in EV disbursements through earlier NBFC partnerships.