India, June 12, 2024 – BLive announced the launch of its BLive EZY EV Rental Program. This program is specifically designed for last-mile mobility partners and aims to bridge the financial gaps that delivery riders face when transitioning to electric vehicles (EVs).
BLive is at the forefront of electrifying last-mile mobility through fleet operators. The integrated AI-enabled platform brings together the entire EV ecosystem, including EV manufacturers, demand generation partners like Zomato and Swiggy, leading finance and charging solution providers, and the growing community of gig workers. Enabling fleet operators onboarded as franchisee partners to create, deploy, and manage fleets with the help of full-stack fleet management solutions is driving the adoption of sustainable transportation solutions.
The BLive EZY EV Rental Program addresses the financial challenges delivery riders encounter, particularly the need for a high CIBIL score for loan approvals. With competitive rates and flexible terms, the program makes the transition to electric vehicles more accessible. Rentals start as low as Rs 1500 per week, allowing delivery partners to integrate EVs into their operations seamlessly.
Innovative “Rent to Own” Model
According to a recent survey conducted by the Bangalore-based research agency, Robas Research Pvt. Ltd., 77% of last-mile delivery riders among the respondents already own their electric vehicles (EVs), indicating a strong preference for sustainable transportation. However, financial obstacles such as complex loan processing and high interest rates persist. To address these challenges, BLive has introduced the “Rent to Own” option as a key feature of the program. This initiative allows riders to become owners of their EVs after a rental period of 36 months, promoting long-term sustainability and encouraging the widespread adoption of green transportation solutions.
The BLive EZY EV Rental Program is a step forward in making electric vehicles more accessible, providing a cost-effective and hassle-free way for riders to own their EVs. We believe this initiative will not only empower riders but also contribute significantly to reducing carbon emissions in our cities – said Samarth Kholkar, Founder of BLive.
High-Quality EVs from Renowned Brands
The BLive EZY EV Rental Program offers premium EVs from renowned brands such as TVS, Ather, Bounce, and Revolt on flexible renting terms. The rent-to-own model allows delivery agents to eventually own these top-notch EVs at the end of the rental period, demonstrating BLive’s commitment to driving sustainable mobility solutions.
Key Benefits for Riders:
- Substantial Savings: Save up to 90% on fuel costs.
- No Extra Costs: Enjoy zero additional costs for insurance and maintenance.
- Ownership at the End: Own the EV at the end of the tenure.
Expansion and Future Plans
The BLive EZY EV Rental Program has already launched operations in five cities: Bangalore, Chennai, Hyderabad, Ahmedabad, and Goa, deploying over 200 EVs to last-mile delivery riders. BLive plans to deploy 10,000 EVs in the next 12 months and is actively seeking more franchisee partners to join their mission to electrify last-mile mobility.
This program is expected to play a pivotal role in accelerating the adoption of electric vehicles across the nation, making last-mile delivery more efficient and affordable.
