Aeris partners with AMU Leasing to make Electric Vehicles more accessible and affordable

New Delhi, India (Urban Transport News): Aeris Communications, a global Internet of Things (IoT) solutions provider, has partnered with AMU Leasing, a prominent Non-Banking Financial Company (NBFC), with the aim of revolutionizing the adoption of electric vehicles (EVs) in India. This collaboration brings together Aeris' expertise in IoT technology and AMU Leasing's financial services to create innovative solutions that enhance the accessibility and affordability of EVs for both consumers and businesses.

Since their collaboration commenced in January 2023, Aeris Communications and AMU Leasing have been diligently working to develop cutting-edge solutions that bridge the gap between IoT technology and financing. AMU Leasing's adaptable payment options and incentives have simplified the process for consumers and businesses to embrace EVs.

AMU Leasing utilizes Aeris' in-house IoT solution technology, Aertrak, to monitor the vehicles they finance. This involves tracking real-time data on vehicle usage, driver behavior, and the ability to remotely control vehicles in cases of non-payment. Aertrak contributes to enhancing the efficiency, reducing Non-Performing Assets (NPAs), and overall performance of the EVs financed by AMU. The data collected empowers AMU to offer additional services and products, while also enabling the creation of predictive models for customer churn.

Commenting on the collaboration, Sameer Mahapatra, Country Manager-India & SAARC at Aeris Communications, stated, "We have been closely collaborating with multiple leasing companies and NBFCs, serving as their technological partner for Telematics. This partnership with AMU Leasing represents a significant stride in our mission to expand the EV market in India. We are also in talks with other potential NBFC clients to further fortify the industry."

Nehal Gupta, Director at AMU Leasing, expressed enthusiasm about working with Aeris Communications to bridge the gap between EV funding and technological aspects. Gupta stated, "Our objective is to offer an exceptional experience to our EV customers through a comprehensive range of personalized financing solutions. As the EV market rapidly grows, AMU Leasing is well-positioned to support the entire value chain, particularly entrepreneurial businesses. Our goal is to democratize access to EVs by providing the most cost-effective financing choices. This collaboration with Aeris will enable real-time monitoring of these EVs, allowing us to offer additional services, predict customer churn, and ensure a seamless ownership experience throughout their EV usage."

Aeris Communications is dedicated to extending its services across India through strategic partnerships and collaborations. The company is actively engaged in designing tailored solutions for various NBFCs and insurance companies, leveraging its IoT expertise. Additionally, the company is in the final stages of solidifying joint initiatives with Lending Management Software (LMS) partners to establish a robust platform that enables financiers to lend more securely and efficiently.