Aeris Communications has announced its partnership with AMU Leasing to revolutionise the adoption of electric vehicles (EVs) in India. This collaboration brings together the expertise of Aeris in internet of things (IoT) technology and AMU Leasing’s financing services to develop innovative solutions that make EVs more accessible and affordable for consumers and businesses.
Since the inception of their collaboration in January 2023, Aeris Communications and AMU Leasing have been working diligently to create cutting-edge solutions that bridge the gap between IoT technology and financing. AMU Leasing’s flexible payment options and incentives have made it easier for consumers and businesses to embrace EVs.
AMU Leasing uses Aeris’ in-house IoT solution technology, Aertrak to track its funded vehicles and provides real-time data regarding vehicle usage, driver behaviour, and remote control of the vehicles in the event of non-payment. Aertrak assists in improving the efficiency, lowering non-performing assets (NPAs), and overall performance of EVs that are financed by AMU. This data enables AMU to cross-sell and upsell additional services and products as well as to create a forecasted churn model.
Commenting on the collaboration, Sameer Mahapatra, country manager, India and SAARC, Aeris Communications said, “We have been working closely with multiple leasing companies and non-bank financial companies (NBFCs), serving as their tech partner for telematics. This collaboration with AMU Leasing is a significant step forward in our mission to expand the EV market in India. We are also in discussions with other potential NBFC clients to further strengthen the industry.”
Meanwhile, Nehal Gupta, director, AMU Leasing said, “We are thrilled to work with Aeris Communications and bridge this gap between funding and technological aspects of EVs. Our goal is to create an exceptional experience for our EV customers through our comprehensive range of personalised financing solutions. The EV market is quickly growing and AMU Leasing is well positioned to support the entire value chain, particularly entrepreneurial businesses. We aim to democratise access to EV consumers by offering the most cost-effective financing options. This collaboration with Aeris will help us monitor these EVs at a real time basis and allow us to cross-sell and upsell additional services and products as well as to create a forecasted churn model ensuring a unique and seamless ownership journey throughout their usage of electric vehicles.”
Aeris Communications is committed to extending its services across India through strategic partnerships and collaborations. It is actively engaged in creating customized solutions for several NBFCs and insurance companies, leveraging their expertise in IoT. The company is further finalising joint initiatives with lending management software (LMS) partners to establish a robust platform that enables financers to lend more securely and efficiently.