Chukkapalli focuses on manufacturing electric scooters for everyday mobility needs
In a strategic move to support the growth of electric mobility in India, Quantum Energy, an electric scooter manufacturing company, aims to make electric scooters more accessible and affordable by offering seamless, flexible, and customer-friendly financing options across the country through a partnership with Hero FinCorp, a diversified Indian NBFC with a strong presence across retail, MSME, and corporate lending.
With this partnership, customers will gain access to collateral-free financing solutions supported by instant EMI calculations and fully digital, seamless onboarding process. The offering combines flexible repayment options, competitive interest rates, minimal processing fees, and 24×7 access via a digital loan application ensuring a fast, transparent, and hassle-free financing experience.
Speaking on the partnership on 2 July, Quantum Energy Managing Director Chakravarthy Chukkapalli said in a release from Hyderabad, “At Quantum Energy, we are focused on manufacturing electric scooters that are practical, efficient, and suited to everyday mobility needs. Our partnership with Hero FinCorp allows us to further support customers with easy and transparent financing options, making electric mobility more accessible.”
Hero FinCorp Managing Director & CEO Abhimanyu Munjal shared, “At Hero FinCorp, we are leveraging AI-led underwriting and a robust digital ecosystem to deliver a seamless, white-glove financing experience for our customers. Over the years, we have strategically expanded our offerings to the EV sector, including emerging models such as Battery-as-a-Service (BaaS). Through this partnership with Quantum Energy, we are simplifying access to credit through fast, intuitive, and transparent processes enabling more Indians to adopt electric vehicles and meet their evolving mobility needs with ease.”
As India continues its shift toward sustainable transportation, accessible financing plays a key role in enabling customers to make the transition. This partnership combines Quantum Energy’s electric mobility solutions with Hero FinCorp’s tech-led financing expertise, creating a more convenient and efficient ownership experience.
Quantum Energy is an electric scooter manufacturing company focused on developing reliable and eco-friendly mobility solutions. The company, originating from Nevada, is committed to supporting the adoption of clean transportation through its range of electric scooters.
Hero FinCorp product suite includes two-wheeler, car, home (through its subsidiary Hero Housing Finance Limited), and personal loans, along with business, SME, and corporate financing.
Having served over 13 million customers, Hero FinCorp operates on an AI-led architecture that integrates underwriting, analytics, and marketing capabilities across the credit lifecycle. This technology backbone enables faster underwriting, lean operating model, and credit delivery at scale. Fiinews.com
