Kinetic Watts & Volts Inks Strategic Pact with Hero FinCorp, Bajaj Finserv & CleverPe to Boost EV Sales

In a major push to accelerate electric vehicle adoption in India, Kinetic Watts & Volts Ltd. has announced a comprehensive retail finance ecosystem for its electric scooter range. The company has entered into strategic partnerships with financial giants Hero FinCorp and Bajaj Finserv, alongside digital fintech platform CleverPe.

This move is designed to make the Kinetic DX and DX+ electric scooters more accessible to buyers through flexible, low interest financing options and seamless digital approvals.

Breaking Down Barriers to EV Ownership

While the demand for electric two wheelers in India is rising, upfront costs remain a significant barrier for many buyers. By collaborating with top tier lenders, Kinetic is addressing this directly. Customers visiting Kinetic’s authorized EV dealerships can now avail of:

• Diverse Financing Models: Choose between traditional EMI loans from Hero FinCorp and Bajaj Finserv or modern "Buy Now, Pay Later" style options from CleverPe.

• Simplified Documentation: The partnership promises reduced paperwork and faster loan disbursement, ensuring customers can ride out with their new Kinetic DX sooner.

• Nationwide Coverage: Leveraging the massive branch networks of Hero FinCorp and Bajaj Finserv to support Kinetic’s expansion into Tier 2 and Tier 3 cities.

Kinetic DX: The "Iconic" Electric Avatar

The finance offers are specifically targeted at boosting sales of the Kinetic DX range. Launched mid 2025, the Kinetic DX reimagines the brand's legacy with a modern electric twist.

• Price: Starting at approximately ₹1.11 Lakh (ex showroom).

• Key Specs: Powered by a robust Range X LFP battery, it offers a claimed range of over 100 km, making it a strong contender against rivals like the Bajaj Chetak and TVS iQube.

With these new finance partners, the effective monthly ownership cost (EMI) for a Kinetic DX is expected to become highly competitive, appealing to the cost conscious Indian commuter.

Management Speak

Mr. Ajinkya Firodia, Vice Chairman & Managing Director, Kinetic Watts & Volts Ltd., highlighted the strategic importance of these alliances:

“Access to convenient and trusted financing is fundamental to accelerating electric mobility adoption in India. By partnering with Hero FinCorp, Bajaj Finserv, and CleverPe, we have built a comprehensive retail finance ecosystem that offers customers flexibility, choice, and confidence.”

Market Impact

This tripartite partnership reflects a growing trend where financial institutions are betting big on the "EV comeback" of legacy brands. For Hero FinCorp and Bajaj Finserv, this expands their green loan portfolios. For CleverPe, it represents a significant entry into the EV financing space, catering to digitally savvy, urban customers who prefer app based credit solutions.

As Kinetic Watts & Volts scales up production in 2026, this robust financial layer is expected to be the key driver in converting footfalls into sales.