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Ujjivan Small Finance Bank has inked a Memorandum of Understanding (MoU) with Green Shuttle Technology Pvt Ltd for financing electric three-wheelers.
Established in Chakan (Pune) last year, Green Shuttle Technology is an ARAI-(Automotive Research Association of India) certified manufacturer of electric vehicles such as E-Garbage Vehicle, E-Rickshaw, E-Cart, E-Mini Flat Loader and E-Scooter.
“This partnership is aimed at benefiting all the passenger and cargo delivery segments of Green Shuttle Electric Vehicles. The bank plans to tie up with more electric vehicle manufacturers to further strengthen the Electric Vehicle financing portfolio and to focus on the mass market,” said the bank in a statement.
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