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All India EV partners with FinnUp to launch flexible debt funding for EV companies

The alliance aims to streamline access to capital, providing much-needed financial support to innovators in the burgeoning Electric Vehicle (EV) sector

by Akanki Sharma
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In a groundbreaking move set to revolutionise the Electric Vehicle (EV) sector, All India EV has partnered with FinnUp to introduce flexible debt funding solutions. With FinnUp’s diverse range of financial services, including machinery finance, invoice discounting and unsecured business loans, this collaboration is poised to simplify financial processes and accelerate growth for EV companies across India.

Expressing excitement about the partnership, Rahul Agarwal, Founder, FinnUp, told The Founder Media, “We are thrilled about our collaboration with All India EV, as it opens up a plethora of opportunities for us to support a wide spectrum of clients in the EV space. This partnership not only aligns with the government’s vision for a robust EV ecosystem, but also enables us to deliver a diverse range of products in real-time, enhancing the growth and sustainability of the sector. Together, we are driving towards a greener and more efficient future.”

All India EV, initially established as a media and market research organisation, has undergone transformation over the past five-to-six months. Spurred by valuable feedback and inquiries from their audience and market stakeholders, the organisation has evolved into a comprehensive solutions provider. The frequent industry queries regarding financial solutions highlighted the necessity of adding this segment to their offerings.

Ankit Sharma, Co-Founder, All India EV, also emphasised on the significance of the partnership and informed The Founder Media, “Our collaboration with FinnUp is set to unlock new opportunities for All India EV and enables us to engage with the industry at a deeper level. Through this partnership, we aim to support the growth and success of Indian EV companies, ensuring these can compete and thrive in the market. Without such growth, there is a risk of foreign companies dominating the sector.”

This collaboration embodies All India EV’s mission to educate, aware and promote the EV industry. By incorporating financial solutions into their platform, All India EV is taking a significant step towards realising this vision and ensuring a sustainable future for the EV sector in India.

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