Hero Electric, Autovert Partner for Subscription-based Financing Plans

Hero Electric, Autovert Partner for Subscription-based Financing Plans

Hero Electric, Autovert Partner for Subscription-based Financing Plans for EVs
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The partnership will cater to the ever-changing customer preference for a ‘digital first experience’, which will eventually enable faster adoption of EVs in India

Hero Electric and Autovert Technologies have partnered for seamless ‘alternative ownership models’ for Hero Electric’s new owners. As per the terms in this partnership, Autovert will allow Hero Electric customers to opt for attractive subscription-based plans for an ‘all-inclusive price’ at the time of a new purchase.

Autovert would utilise its IOT-based technology platform called ‘Autovert Plug’ to manage the vehicle through its lifecycle in the hands of the subscriber. The Autovert Plug Subscription plan has been launched with a few select dealers in Bengaluru on a pilot basis before a countrywide launch.

The subscription plans are positioned to cater to the increasing demand from customers for alternative ownership options, which offer more flexibility and features than traditional auto finance. Starting for as low as Rs.2,999 month, the all-inclusive subscription plans will allow Hero Electric customers to avail the vehicle itself, along with bundled services such as comprehensive insurance, service & maintenance, loyalty bonuses and attractive upgrade options.

Sachin Mehta, Co-Founder and Director, Autovert Technologies, said Hero Electric echoes the sentiment of innovation and together the partners hope to provide the users with the financial ease to buy, run, and maintain the vehicle.

Sohinder Gill, CEO, Hero Electric, said the partners are determined to offer singular experiences of buying and owning Hero Electric vehicles without much fuss and this partnership with Autovert will simplify and facilitate EV sales in India.