Quantum Energy Partners with Bike Bazaar to Enable Retail Financing for Electric Scooters
- ByStartupStory | July 10, 2023
Quantum Energy, a prominent electric vehicle (EV) startup specializing in the design, development, manufacturing, and sales of electric scooters, has announced a strategic collaboration with Bike Bazaar, an RBI-registered finance company that specializes in retail financing of both Pre-Owned and New vehicles. This partnership aims to accelerate the adoption of eco-friendly transportation options by facilitating the availability of Quantum Energy’s Bziness Pro e-scooters, particularly for last-mile deliveries.
The Bziness Pro e-scooter from Quantum Energy sets a new benchmark in its category, offering an innovative and sustainable mode of transportation. Boasting an impressive range of up to 135 km on a single charge, this electric scooter features a high-performance Lithium Iron Phosphate (LFP) battery with a warranty of 3 years or 90,000 km. The Quantum Bziness Pro is also equipped with cutting-edge features, including an inbuilt IOT tracker with an IP67 rated battery pack, Remote Lock-Unlock, Anti-Theft Alarm, USB Charger, Disc Brakes, LCD Display, and more.
Mr. Chakravarthi Chukkapalli, Managing Director of Quantum Energy Limited, expressed his vision for the partnership, stating, “Through this collaboration with Bike Bazaar, we aim to promote the widespread adoption of electric vehicles for various delivery purposes, making last-mile connectivity greener. Quantum Energy’s fleet represents the intelligent choice for sustainable transportation. We are also actively working towards establishing partnerships with e-commerce and retail outlets to encourage the use of electric vehicles in India and contribute to the country’s journey towards a resilient and carbon-neutral future.”
Karunakaran V, Joint MD and Co-Founder of Bike Bazaar Finance, emphasized the significance of this partnership, saying, “Bike Bazaar takes pride in joining forces with Quantum Energy to expedite the transition to electric mobility in the last-mile delivery segment. As a company dedicated to making a positive impact in the ESG space, we share a common vision with Quantum Energy towards a sustainable world. We are optimistic that our collaboration will pave the way for new milestones in the electric two-wheeler industry and further the cause of clean energy in India.”
About Quantum Energy:
Quantum Energy is a leading manufacturer of electric two-wheelers, specializing in the design, development, and production of electric scooters. The company operates a state-of-the-art R&D center and manufacturing facility in Hyderabad. Backed by the Kusalava group, a reputable firm with a 60-year history in the automotive industry, Quantum Energy offers a range of two-wheelers in the consumer and cargo segments.
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