Electric Vehicles (EVs) are becoming increasingly popular in India as the government pushes for a more sustainable transportation sector. The country's EV financing market is projected to reach USD 5.25 billion by 2029 at 15.54% CAGR.
One of the key drivers of EV adoption in India is the growing availability of financing options. Fintechs play a significant role in accelerating the adoption of EVs by offering innovative, accessible, and customer-friendly financing solutions.
By leveraging their technological expertise and data-driven insights, fintechs are developing financing solutions that are tailored to the unique needs of EV buyers.
Here is how fintechs are breaking down the barriers to EV adoption.
All in all, the growing involvement of fintechs in the EV financing market is a positive development for the EV industry.
As the EV market continues to grow, we can expect to see even more innovative financing products and services emerge from the fintech sector.
EV financing is on the rise!
Our co-founder, Prabhu Rangarajan, shared his insights on 'Why Bootstrapping Makes Sense' in an interactive session organized by Kaleido Minds, a knowledge-sharing forum by Kaleidofin.
We're thrilled to be featured in Inc42's State of Indian Fintech Ecosystem Q3 2023 report featuring key players in the fintech industry.
M2P Fintech partners with Okay to help banks, FIs, and payment providers confidently authenticate customers and provide secure online transactions with a customizable ACS system. Know more about the partnership here.
'Chennai Fintech Breakfast' organized by The Fintech Meetup and Connexdoor was hosted by M2P Fintech. The discussion over breakfast sparked meaningful fintech conversations with Fintech Founders, Venture Investors, and BFSI Professionals to drive the future of fintech.
M2Peers participated in 'AWS GameDay', and took tech challenges and thrilling quests, unleashing their creativity. They tackled technical issues utilizing AWS solutions, embracing collaboration and problem-solving skills.
It costs nothing to stay on top of all things fintech.