Sumit Chhazed News Today

OTO Funding: Responding to evolving consumer demands, OTO introduced its Super EMI plan, reducing two-wheeler EMIs by up to 30% while granting customers the flexibility to upgrade or retain their vehicles at the end of the term.

OTO will use the funds raised to scale up its operations from 10 cities to 25 in the next 18 months, while increasing the number of vehicle bookings it facilitates from 5,000 per month to 15,000 per month, chief executive and cofounder Sumit Chhazed said.

Two-wheeler financing startup Oto, content commerce platform Wishlink, senior citizen care platform Khyaal, ride-sharing application Advance Mobility and adtech startup Adster secured early-stage funding, the companies ......

Oto And Ather JV: This partnership will change the realm of two-wheeler ownership, especially for the generally overlooked premium customer segments. Now they have the opportunity to access seamless financing options at their doorstep for acquiring electric vehicles, the companies said.

Despite the government’s push for electric vehicles, banks are reluctant to venture into the EV space due to issues like their resale value. But startups seem to have cracked underwriting EV loans.

Union Minister of the Ministry of Road Transport & Highways, Nitin Gadkari, graced a BW Businessworld initiative celebrating India’s 40 under 40 auto leaders who are ushering in a wave of change in one of the oldest industries, , BW Autoworld, 40 Under 40 Summit and Awards

Bengaluru:  OTO, the two-wheeler buying and financing innovator announced the launch of its Rider Empowerment Program (REP), as they endeavour to help shipping agents, own and ride their two-wheelers. The program also benefits the large segment of last-mile logistics companies to aid and incentivize their employees to ride a brand-new two-wheeler to earn, keeping their

BLive partners with OTO Capital for easy financing of electric scooters, bikes

Co-founder of OTO Capital for EVs Sumit Chhazed believes that the EV sector is likely to receive quite a couple of SOPs in the forthcoming Budget.

OTO Capital, an alternative finance start-up that enables retail customers own two-wheelers on flexible terms, has drawn up plans to support 10 lakh consumers over five years by entering more cities,