NewsStocksKinetic Watts & Volts Partners with Hero FinCorp, Bajaj Finserv and CleverPe for DX EV Scooter FinancingKinetic Watts & Volts Partners with Hero FinCorp, Bajaj Finserv and CleverPe for DX EV Scooter Financing
Kinetic Watts & Volts has partnered with Hero FinCorp, Bajaj Finserv, and CleverPe to create a comprehensive retail financing ecosystem for its DX and DX+ electric scooters. The partnerships will provide diverse financing options including traditional EMI loans and digital payment solutions across authorized dealerships nationwide. The collaboration supports the company's market expansion strategy by targeting different customer segments through established financial institutions and fintech platforms.
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Kinetic Watts & Volts Ltd., the electric mobility arm of the Kinetic Group, has announced strategic partnerships with three major financial service providers to enhance customer financing options for its electric scooter range. The company has tied up with Hero FinCorp Ltd, Bajaj Finserv Ltd, and CleverPe to create a comprehensive retail financing ecosystem for its Kinetic DX and DX+ electric scooters.
Partnership Details and Financing Solutions
The collaboration brings together established financial institutions and a digital-first fintech platform to address diverse customer needs. The partnerships will provide customers with multiple financing options, including traditional EMI-based loans and modern digital payment solutions, all accessible through Kinetic's authorized EV dealerships across India.
| Partner: | Specialization |
|---|---|
| Hero FinCorp: | Scale and nationwide reach |
| Bajaj Finserv: | Established financial services |
| CleverPe: | Technology-driven loan processing |
Strategic Market Expansion Support
According to the company, retail financing serves as a key enabler for its market-by-market expansion strategy. The three-pronged partnership approach targets different customer segments, including first-time EV buyers and digitally oriented urban consumers. Hero FinCorp and Bajaj Finserv are expected to provide extensive scale and nationwide reach, while CleverPe will deliver faster, technology-driven loan processing capabilities.
Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Watts & Volts Ltd., emphasized the comprehensive nature of the financing ecosystem: "By partnering with Hero FinCorp, Bajaj Finserv and CleverPe, we have built a comprehensive retail finance ecosystem that offers customers flexibility, choice and confidence."
Product and Manufacturing Infrastructure
The DX range represents a revival of one of Kinetic's legacy scooter brands in electric format, powered by Range-X LFP battery architecture designed for safety and daily use. Kinetic Watts & Volts Ltd., established in September 2022, operates from an 87,000 sq. ft. manufacturing facility equipped with automated production and quality systems.
| Company Details: | Specifications |
|---|---|
| Establishment: | September 2022 |
| Manufacturing Facility: | 87,000 sq. ft. |
| Production Systems: | Automated production and quality systems |
| Product Focus: | Made-in-India electric vehicles |
Group Background and Operations
Kinetic Engineering Limited (KEL) serves as the flagship company of the Kinetic Group, operating a large component manufacturing facility in Ahilyanagar. The parent company supplies components to major OEMs including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain, and Sonalika Tractors, providing the electric mobility venture with established manufacturing expertise and industry connections.
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