Partnership · Mobility & Logistics

Ather Energy partners with Ecofy Finance for green financing

By Startup Enthusiast · 10 February 2026

What they do

Ather Energy manufactures electric scooters and related mobility solutions

The company partnered with Ecofy Finance to deploy ₹100 crore for customer financing

This tie-up aims to speed up EV adoption through improved green financing access

Ather Energy has entered a strategic partnership with Ecofy Finance.
Ecofy Finance is a green-focused NBFC backed by Eversource Capital.
The tie-up involves deploying ₹100 crore under the agreement.
These funds are designated specifically for customer financing of electric vehicles.
The goal is to speed up EV adoption via better financing access.
Ravneet Phokela serves as the Chief Business Officer at Ather Energy.
Rajashree Nambiar is the Co-founder, MD & CEO of Ecofy Finance.

Ather Energy designs and sells electric scooters in India.
The company offers various financing options to its customers.
Options include vehicle loans, leasing, and assured buyback structures.
They also provide Battery-as-a-Service (BaaS) models.
Ecofy Finance provides EV loans for two and three-wheelers.
Ecofy also finances rooftop solar projects and SMEs digitally.
The partnership integrates Ather's products with Ecofy's financial services.