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Drive Home Your Eblu E-Rickshaw With Ease: Godawari Electric Motors Teams Up With IDBI Bank For Hassle-Free Financing

Published On Jul 26, 2023 03:22 PMBy Dheeraj Nair

Godawari Electric Motors launches exclusive financing options in collaboration with IDBI Bank to help customers have a hassle-free buying experience. Read on for details:


Godawari Electric Motors, the manufacturer of the Eblu range of electric three-wheelers and electric cycles in India, has partnered with IDBI Bank to offer exclusive financing options. The move aims to provide customers across India a hassle-free purchase experience.


The brand’s new partnership with IDBI Bank grants access to loans with a maximum tenure of 3 years, an 11 percent interest rate, and a low processing fee of 1 percent. Customers can avail a maximum loan-to-value (LTV) of 80 percent under this financing option.


Related Link: Altigreen And LOHUM Join Hands For Recycling EV Batteries


Godawari Electric Motors Comments:


Hyder Khan, CEO of Godawari Electric Motors, said, “We are delighted to announce the launch of a wide variety of financing options for customers of the Eblu range, in collaboration with IDBI Bank.


Our journey to provide state-of-the-art e-mobility solutions continues and we are certain that this innovative offering which avails instant loans, will create new opportunities for customers. We will continue to keep customer convenience as the core focus area which aids in convenient access to our products and services.” He added.



Godawari Eblu Rozee (electric three-wheeler): 


Godavari’s current product portfolio includes Eblu Rozee (electric three-wheeler), and its electric cycles, Eblu Spin, and Eblu Thrill. The brand is also all set to launch the Eblu Feo (e-scooter) and Eblu Reino (e-loader) in India.


The Eblu Rozee is India's first electric three-wheeler featuring Dicyclopentadiene (DCPD) panels - a high-strength material capable of withstanding impacts. The vehicle also boasts a 200Ah Li-Ion battery pack, offering a tested mileage of 167 km per charge.


With a 5.5 kWh motor configuration, the Eblu Rozee delivers a low operating cost of just 50 paise per km. In terms of design, the Eblu Rozee has an aerodynamic body construction with a dual-colour finish that has a smooth surface and is 100 percent rust-proof.


Additionally, the vehicle gets PU foam seats for comfortable seating and Independent suspension for excellent ride comfort and stability. The Eblu Rozee electric three-wheeler is available at a starting price of Rs.3.39 lakh (ex-showroom).


Existing Tie-Ups Of Godawari Electric:


The company currently has tie-ups with SIDBI, Bajaj FinServ, Kotak Mahindra Bank, Paytail, EZFINANZ, Chhattisgarh Gramin Bank, Revfin, Amu Leasing Pvt Ltd and Paisalo to offer a wide range of EV financing options and to enable hassle-free loan application and approval process.  At present, the company is preparing to launch its e-loader Eblu Reino in August 2023 and has invested significantly in network expansion. 

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