Quantum Energy and Hero FinCorp Join Forces to Boost Electric Scooter Adoption
Quantum Energy, an electric scooter manufacturer, has announced a strategic partnership with Hero FinCorp, a diversified Indian NBFC, to provide seamless and flexible financing options for electric scooters across the country. The collaboration aims to lower the barriers to electric mobility by offering collateral-free loans with instant EMI calculations and a fully digital onboarding process.
Customers will benefit from competitive interest rates, minimal processing fees, and 24/7 access to digital loan applications, ensuring a fast, transparent, and hassle-free financing experience. This initiative is part of Quantum Energy's commitment to making electric scooters practical and efficient for everyday use.
Leadership Perspectives on the Partnership
Mr. Chakravarthy Chukkapalli, Managing Director of Quantum Energy, stated: "At Quantum Energy, we are focused on manufacturing electric scooters that are practical, efficient, and suited to everyday mobility needs. Our partnership with Hero FinCorp allows us to further support customers with easy and transparent financing options, making electric mobility more accessible."
Mr. Abhimanyu Munjal, Managing Director & CEO of Hero FinCorp, added: "At Hero FinCorp, we are leveraging AI-led underwriting and a robust digital ecosystem to deliver a seamless, white-glove financing experience for our customers. Over the years, we have strategically expanded our offerings to the EV sector, including emerging models such as Battery-as-a-Service (BaaS). Through this partnership with Quantum Energy, we are simplifying access to credit through fast, intuitive, and transparent processes, enabling more Indians to adopt electric vehicles and meet their evolving mobility needs with ease."
Hero FinCorp's Extensive Reach and Digital Capabilities
Hero FinCorp has built a wide national presence, covering over 18,600 PIN codes across India, supported by a network of 4,200+ touchpoints. This distribution network enables the company to deliver financing solutions in more than 2,000 cities, towns, and villages. Having served over 13 million customers, Hero FinCorp operates on an AI-led architecture that integrates underwriting, analytics, and marketing across the credit lifecycle, enabling faster underwriting and credit delivery at scale.
As part of the Hero Group, the company draws on a legacy of trust and integrity while advancing responsible lending. The partnership with Quantum Energy combines electric mobility solutions with tech-led financing expertise, creating a more convenient ownership experience for customers.
About the Companies
Quantum Energy Limited is an electric scooter manufacturing company focused on developing reliable and eco-friendly mobility solutions. Hero FinCorp Limited is an Indian NBFC offering a diversified portfolio of lending solutions across Retail, MSME, and Corporate segments, including two-wheeler, car, home, and personal loans, as well as business and corporate financing.
