Ather Energy partnered with the State Bank of India (SBI) to provide financing alternatives for EV two-wheeler purchases. 

The ever-changing EV market has witnessed significant growth in the last year.

The Ather also registered a 20% month-on-month growth.

Ather Energy intends to use SBI's reach and penetration to expedite EV adoption in the country.

The collaboration will allow Ather Energy customers to receive pre-approved loan proposals from SBI.

Depending on the customer's credit profile, the instant loans will have low-interest rates starting at 9.55 percent p.a.

The loan can be obtained through YONO SBI without visiting any branch.

Customers will be able to obtain loans up to 85 percent of the vehicle's on-road price due to the collaboration.

Customers can apply for the SBI Easy Ride loan through YONO at an EMI of as little as Rs 251 per Rs 10,000.

The amount will be put into the dealer's account immediately upon loan disbursement.

SBI will also expand offline retail financing alternatives via its Branch network to enhance the consumer experience.