Ather, CredR Collaborate for Two-Wheeler Exchange Programme

Ather, CredR Collaborate for Two-Wheeler Exchange Programme

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The partnership enables interested buyers to exchange any petrol two-wheeler for a brand new Ather electric scooter

Ather Energy has joined hands with CredR offering a new purchase option, where a petrol two-wheeler may be exchanged for a new Ather electric scooter. As part of this association, CredR will offer instant price quotes for old petrol two-wheelers, which will be used to reduce the upfront cost of upgrading to Ather’s scooters. This should push some more interest in prospective customers wanting to shift to electric mobility.

Customers will need to bring in their old petrol two-wheelers for physical inspection to Ather Space, where an instant price quote/estimate will be generated through the application powered by CredR. And to complete the transaction, CredR will verify the documents and the health of the petrol two-wheeler. The exchange price will then be adjusted against the final cost of the new Ather scooters. The program is currently applicable only for Bengaluru and Chennai and will be available across India as partner experience centres open in the coming months. Ather also partnered with Bounce for their Peer-to-Peer (P2P) sharing programme. This partnership enables new Ather 450 owners to monetise the idle time of their vehicle by listing it on the Bounce App and earning an additional income.

Ravneet Singh Phokela, Chief Business Officer, Ather Energy, stated that the company since its launch in 2018 has been constantly looking for new and innovative ownership models for our vehicles, and this is another step in that direction. This exchange programme makes the entire process more seamless for owners and reduces the stress of personally trying to sell their vehicles, he added.

Phokela stated that CredR has been doing a great job with second-hand two-wheelers and offering extremely competitive rates, making the whole purchase experience transparent and easy, while reducing the total cost of ownership.