cKers Finance for e-3Ws

Anon-banking financial company, cKers Finance, has announced a debt financing tie-up with Altigreen, an e-cargo three wheeler manufacturer. Setting up an initial line of Rs.30 million for Altigreen to use as a working capital fot manufacture EV components and the cargo L5 e-three wheeler, cKers Finance is bullish about the evolution of a strong EV ecosystem and the growth that it will create for the Indian economy. The company is partnering with companies that are able to showcase a strong business model, proven unit level economics and track record in raising institutional equity. It is leveraging its understanding and research about the developments in the EV ecosystem. Through its e-three wheelers, Altigreen is aiming at the emerging clean energy urban first and last mile delivery applications at e-commerce among others.