Ampere Vehicles has partnered with Autovert Technologies, a fintech that specialises in EV subscriptions products.
The collaboration will lead to the launch of a battery subscription plan through an IOT-backed platform that will make electric scooters more affordable, said a press release.
Starting with a few select dealers in Bengaluru, the approach will be replicated nationwide.
The battery subscription plan substantially reduces the cost of vehicle acquisition and provides alternative choice to the buyers who get more than usual financing option.
With this customised subscription plan, a customer can choose to ride home the company’s recently-launched e-scooter Magnus Pro by paying Rs. 49,990 (ex-showroom price Rs. 73,990), while opting for a monthly battery subscription of Rs. 1,990.
Mr P Sanjeev, COO, Ampere Vehicles, said, “With this association clubbed with special Ampere freedom offers, we are aiming to make Ampere Vehicles more affordable and accessible for the consumer.” Mr Vinay Sharma, Co-founder and CTO of Autovert, said. “The EV ecosystem demands an alternative ownership model in order to drive faster adoption amongst an emerging customer base and we are happy to be in the forefront of this with our products and partners like Ampere to take it market.”