Wish to upgrade your petrol two-wheeler to Electric bikes? CredR is here with an instant exchange offer for your petrol two-wheeler through their collaboration with India’s leading Original Equipment Manufacturer, Hero Electric.
India too is in the path of electric mobility and it is picking it pace in the last couple of years. Low purchasing and running costs and ease of use have made EVs hotcakes in the market. This is where CredR found space in collaborating with Hero Electric. With every Exchange of a petrol-based two-wheeler, CredR will offer quotes for the old vehicle which will reduce the upfront cost of their Electric Scooter.
Speaking on the announcement, Sohinder Gill, CEO, Hero Electric, said, “As one of the leading EV brands in India, we are looking to enhance the accessibility & affordability for e2W buyers. Post unlock, we have seen good demand for Hero e-scooters as a reliable and affordable personal mobility solution. We believe increased consciousness towards safer and affordable means for transportation will make more petrol buyers consider EV. At this juncture, the instant exchange scheme from CredR clubbed with unique leasing & low instalments will only help more people buy a Hero Electric scooter.”
One of the results of the pandemic is the public becoming more conscious about the environment. Adoption of electric vehicles is expected to be a default choice in this process and that’s where Hero Electric’s tie-up with CredR becomes noticeable and relevant. CredR was founded in 2015 and since then they have been India’s most trusted omni-channel for transactions of two-wheelers. Through their retail showrooms across the country, CredR is able to regain the trust in the segment of product and services which is commendable. Through their refurbished two-wheelers CredR is contributing to the circular economy by transforming the entire customer experience through their technological strength and unique business model.
Commenting on this collaboration, Sasidhar Nandigam, Chief Strategic Officer, CredR said, “India’s Electric mobility landscape is going to change dramatically post COVID-19 pandemic and the sales are expected to rise. As the sales of overall two-wheelers will see a boom, there will also be a rise in sales of second-hand e-two wheelers. Currently, electric mobility contributes to less than 1% of the two-wheelers market that can only increase from here. We are tremendously excited to partner with an industry giant like Hero Electric in bringing about this shift in the market.”
By delivering the EV within days the customers are assured a convenient and hassle-free transaction. For an instant price quote, the customer needs to produce the old two-wheeler for an inspection and validation at the nearest Hero Electric showroom. Once CredR verifies the documents of the inspected vehicle the exchange price will be decided and adjusted against the cost of the EV.
Right now, this facility is available in Delhi NCR, Hyderabad, Jaipur, Bangalore, and Pune which will soon be widened to other cities across India.
CredR is supported by marquee blue-chip funds such as Eight Road Ventures (Fidelity’s proprietary investment arm), Omidyar Network, AngelList, K Ganesh (GrowthStory), and angel investors like Amit Agarwal (CEO, Amazon India), Rohit Bansal, Kunal Bahl, Sameer Sawhney, and Deb.
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Image Credits: The News Strike CREDR
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