India’s EV Revolution Gets a Push: EKA Mobility Ties Up with Shriram Green Finance
Mumbai, August 2025 – India’s electric commercial vehicle market just got a major boost. EKA Mobility, one of the country’s fastest-growing EV and technology companies, has signed an MoU with Shriram Green Finance, a subsidiary of Shriram Finance Ltd., to make financing electric buses, trucks, LCVs, and three-wheelers easier and more accessible.
This collaboration comes at a crucial time when fleet operators, logistics companies, and small businesses are actively exploring electric commercial vehicles (ECVs) to reduce costs and meet sustainability goals. By removing financial barriers, the partnership is expected to accelerate the adoption of zero-emission vehicles in India.
Why This Partnership Matters
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Affordable EV financing: Fleet operators, transporters, and small businesses can now access flexible finance schemes to buy electric buses, trucks, and last-mile delivery EVs.
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Strong distribution network: Shriram Green Finance brings its nationwide reach, ensuring customers from metros to Tier-2 and Tier-3 cities can access EV loans.
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Net zero mission support: By promoting EV adoption, the partnership aligns with India’s climate goals and 2070 net-zero target.
Industry Context
The Indian electric commercial vehicle market is on the rise, with government incentives and corporate sustainability targets driving adoption. However, high upfront costs remain a barrier. Financing partnerships like this one are critical in bridging the gap between EV demand and affordability.
With EKA Mobility’s expanding EV portfolio and Shriram Green Finance’s expertise in financing, this alliance is positioned to make electric buses, LCVs, and trucks a common sight on Indian roads.
Official Statements
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Rohit Srivastava, Chief Growth Officer, EKA Mobility:
“Scaling EV adoption requires both technology and financial accessibility. With Shriram Green Finance’s robust network, we can accelerate India’s transition to sustainable mobility.” -
Nanda Gopal, National Business Head, Shriram Green Finance:
“Our goal is to make green mobility a reality for businesses across India. Partnering with EKA helps us finance vehicles that support both economic and environmental goals.”
What’s Next for EKA Mobility?
EKA is betting big on electric buses, trucks, and last-mile delivery EVs as demand grows from state transport undertakings and logistics players. With financing now made easier, the company expects higher adoption rates in FY2026 and beyond.