Empowering Sustainable Mobility: The AMU Leasing Journey in India’s EV Financing Landscape
CXOToday has engaged in an exclusive interview with Nehal Gupta, Director, AMU Leasing
- Can you provide a brief history of AMU Leasing Private Limited and its journey in the financial services industry?
Ans. AMU Leasing is a registered Non-Banking Finance Company (NBFC-ICC) by the RBI based out of New Delhi. Over the last three years, our vision has evolved with a strong focus on Sustainable Energy financing and leasing with a gamut of segments including Electric Two and Three-wheelers for retail and enterprise borrowers along with an emerging book of unsecured personal loans, driven by our commitment to sustainability and aligning our vision with India’s target of a Greener Economy by 2030. Since our inception, we have significantly broadened our reach across 9 states and take pride in having served over 5,000 customers, facilitating them in generating a book size surpassing Rs.100 crores. As a testament to our dedication to the EV ecosystem, we’ve set an ambitious mission to achieve 1 Million EV disbursements by 2030. Our journey from a financing company/ loan provider to a pioneering force in the EV financing sector showcases our adaptability, resilience, and unwavering commitment to sustainable development in India.
- What is the core mission and values that drive your company’s operations, particularly in the EV ecosystem?
Ans. Our core mission is to achieve 1 Million EV Disbursements by 2030, a testament to our commitment to spearheading the EV revolution in India. We are unwavering in our dedication to accelerating financial inclusion, especially in tier 2 and 3 cities, by championing sustainable development and renewable energy adoption. At the heart of our operations lie values of transparency, trust, and customer-centricity. We believe in forging enduring relationships with our customers, ensuring they always find reliability in our services. Within the burgeoning EV ecosystem, we’ve positioned ourselves as pillars of support for micro-entrepreneurs and MSMEs. By aiding them in building electric fleets and ultimately self-employment, we’re not just financing vehicles; we’re driving a paradigm shift towards sustainable mobility which helps generate revenue and support micro-entrepreneurs. As we continue our journey, our values guide every decision, ensuring that we remain aligned with our vision of a greener, more sustainable future for India.
- What sets AMU Leasing apart from other financial institutions, especially as a women-led AI and tech-driven NBFC in the EV sector?
Ans. AMU Leasing distinguishes itself through its innovative stance as the first women-led, tech driven NBFC, zeroing in on the EV domain. While the majority of conventional financiers remain hesitant about the budding EV industry, we’ve proactively harnessed technology to devise effective financing strategies for electric vehicles, prioritizing underserved rural and semi-urban regions. Creating dynamic financial and leasing solutions for emerging MSMEs, we prioritize income generation and future revenue potential using sustainable mobility. Our dedication to pioneering solutions, informed by an in-depth grasp of the EV sector’s intricacies, empowers us to design bespoke offerings for our clientele. By championing both inclusivity and ecological sustainability, and integrating advanced technology, we’re poised to lead India’s transition towards sustainable transportation
- How does AI and technology drive ALPL’s operations, especially in the context of serving the EV ecosystem?
Ans. AI and technology are at the heart of our operations, acting as catalysts in our quest to redefine EV financing. They enable us to make faster credit decisions with loan approvals within 48 hours. This agility, combined with our transparent processes, allows us to effectively serve the EV ecosystem. By harnessing the power of advanced analytics and data-driven insights, we can better understand our clients’ needs and customize our offerings accordingly. Furthermore, our technological capabilities play a crucial role in robust risk management, allowing us to meticulously analyze creditworthiness and ensure informed lending decisions. This ensures that micro-entrepreneurs and MSMEs have timely access to the financial resources they need to grow, innovate, and contribute to sustainable mobility. In essence, our tech-driven approach not only streamlines operations but also amplifies our impact in the evolving EV landscape.
- What are the key growth strategies and future plans for AMU Leasing Private Limited in the next few years, particularly in the context of India’s evolving financial and mobility landscape?
Ans. Our vision is to become a leading lender in the sustainable financing ecosystem. With this in mind, we aim to expand our presence across the nation. Our commitment to achieving our mission of 1 Million EV disbursements in the next few years will guide our strategies and operations. As India’s financial and mobility landscape evolves, we’re also looking to raise significant capital in the coming years to further our mission and vision. Beyond financing, we’re exploring partnerships with EV manufacturers and tech innovators to create holistic solutions. Embracing digital transformation, enhancing customer experiences, and fostering collaborations will be pivotal as we navigate the dynamic landscape, ensuring that we remain at the forefront of sustainable mobility finance.
