Veelo

Your Favourite EV at Re 1 Per Km

Buy your favourite VEELO EV like your Phone and Recharge like your Pre-Paid plans. Swap Batteries like refuelling at a Petrol Pump. Never Run out of Charge. No Wait time for Charging. Unlimited Mileage Plans.

Step 1: Buy Veelo EVs without the Batteries at half the price of any EV in the market (Since, you are not buying the battery).

Step 2: Subscribe for Veelo’s Pre-Paid plans at Re 1 per kms

Step 3: Keep Swapping & Keep Riding

Veelo is a Multi OEM platform where you can buy your Favourite EV without the Battery. The Battery can be swapped at one of the several Battery Points being operated by Veelo Battery Partners. These Battery Partners are strategically located to provide you with Maximum coverage in your city.

At Veelo we are solving the Twin Problems of high sticker price & range anxiety from the EV. Pay only for the EV and not for the battery. Keep on swapping the batteries on the go with no need to stop or worry of charging.

Veelo Ecosystem offers the perfect solution for your following needs:

1. Daily Office Commute

2. Hyperlocal Deliveries

3. Running errands for office & home

4. Going to classes without any pressure on your budget

Veelo App provides you with location of all the Battery Points in your city. It also provides reminds you to swap your battery before you run out of charge. You can recharge your subscription on your Veelo App and also get your mileage reports. Soon Veelo will also alert you for when your vehicle needs service and when is your insurance needs to be renewed.

So stop complaining #replacepetrol #goelectric #gounlimited!!!

Loan Description -

1. Get Electric Vehicles on lease ranging from Rs 80,000 to Rs 2,00,000.

2. 100% online loan application process - Only few documents to be uploaded on the application.

3. Allocation of Leased EV within 20 minutes.

4. Minimum APR (Annual Percentage Rate) is 18% and the Maximum APR (Annual Percentage Rate) is 45%

5. Minimum Tenure is 24 months and Maximum Tenure is 36 months.

6. Down Payment / Security Deposit Ranges between Rs 1000 to Rs 5000.

7. Option to convert Lease into Complete ownership by paying Balance principle at any point of time in selected electric Vehicles.

The annual interest rates and processing fee will vary as per the risk profile of the customers and the selected tenure.

Example:

Leased Electric Vehicle Amount: ₹1,10,000

Tenure: 30 months

Interest Charged: ₹ 69,425 (42% per annum)

Security Deposit: ₹2,500

Value of EV Leased: ₹ 1,10,000

Lease Amount: ₹ 5,981

These numbers are indicative and subject to change from time to time. Further, the final Lease Rentals may vary from one user to another based on their credit assessment.