India, July 22 -- Manba Finance Ltd. has entered the EV battery financing segment with the launch of a dedicated Battery Replacement Financing product for electric three-wheelers. The new offering is designed to provide affordable, short-tenure loans for replacing lithium-ion batteries, helping e-rickshaw and e-cart owners minimise vehicle downtime and maintain their daily earnings.
The financing solution covers replacement lithium-ion batteries along with charger kits sourced from certified OEMs that offer warranty and service support. The company has also introduced a technology-driven process featuring digital onboarding, e-mandate-based repayments, and IoT-enabled batteries to enhance customer convenience.
The product will initially b...