18th November 2024: Quantum Energy, a leading electric vehicle (EV) startup specialising in the design, development, and manufacturing of electric scooters, has announced a strategic partnership with I-Loan, a leading green-only finance company, part of the LoanTap Group. This tie-up aims to enhance accessibility and affordability for customers across India, enabling more individuals to purchase Quantum Energy’s diverse range of EV two-wheelers, including the popular Plasma, Milan, and Bziness models. These scooters cater to a broad spectrum of commuting needs, from daily city commutes to business logistics, making sustainable transportation more viable for Indian consumers.
Through I-Loan, Quantum Energy’s customers will have access to flexible repayment options. These tailored financing solutions reduce the need for heavy upfront payments, allowing a broader audience to own electric scooters without financial strain. The partnership is designed to make the entire financing process user-friendly, with minimal paperwork and loan disbursals within 24-36 hours, ensuring a quick and hassle-free purchase experience. I-Loan’s solutions also come with no hidden or foreclosure charges, and customers’ data is kept encrypted and secure, adding another layer of trust to the process.
Speaking on this collaboration, Mrs. Chakravarthi C., Managing Director of Quantum Energy, shared, “This partnership with I-Loan is a crucial step in expanding our retail financing capabilities, ensuring that our electric scooters are more accessible to the average Indian consumer. With I-Loan’s extensive financing options, we can offer our customers the flexibility they need to transition to eco-friendly transportation without worrying about upfront costs. We are confident that this will help us grow our market share and further our mission of contributing to the green mobility revolution in India.”
Rajeev Das, CEO, I-Loan (LoanTap Group), added, “We are excited to partner with Quantum Energy, a company that shares our vision of a sustainable future. At I-Loan, we are committed to providing innovative financing solutions that cater to the diverse needs of our customers. Through this partnership, we aim to simplify the purchasing process for electric vehicles by offering quick loan approvals, minimal paperwork, and flexible repayment options. Our goal is to make the shift to electric mobility not just a choice, but an accessible and affordable reality for more Indians.”
To further enhance this collaboration, I-Loan will also provide Quantum Energy dealers with the necessary tools and training to promote these financing solutions effectively. Dealerships across the country will be equipped with QR codes for quick and easy loan access, as well as on-the-ground support from I-Loan’s field team. This hands-on approach ensures that dealerships can seamlessly integrate financing into the sales process, improving the overall customer experience. With an extensive network of dealerships across states such as Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Bihar,etc Quantum Energy is well-positioned to scale its electric two-wheeler offerings and capitalize on the growing demand for sustainable mobility solutions.
As a subsidiary of Kusalava International, a company with over five decades of manufacturing experience, Quantum Energy Limited builds on a strong legacy of excellence in engineering. Established in 2022, Quantum Energy has quickly risen to become one of India’s top 10 EV two-wheeler brands, with over 10,000 vehicle sales to date. The company’s rapid growth is a testament to its commitment to innovation, quality, and sustainability.