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CredR, Crayon Motors join forces for the exchange of petrol 2-Ws with an e-bike

Crayon Envy electric scooter (Source: Crayon Motors)

The omnichannel platform for buying and selling pre-owned two-wheelers, CredR has announced that it has partnered with e-bike brand Crayon Motors for the exchange of any petrol-based two-wheeler with the latter's electric bike.

Under the partnership, customers can upgrade from any petrol two-wheeler to Crayon Motors'' e-bikes and while exchanging the old two-wheeler, CredR will offer instant quotes for old petrol scooters, thereby reducing the upfront cost of the former's e-bikes, the company said.

At present, the program is applicable in Delhi NCR and Jaipur, and will soon be expanded to other cities across the country, comprising Bangalore and Pune, CredR said.

"India''s e-mobility landscape is going to change radically post COVID-19 pandemic and the sales are expected to rise. As the sales of overall two-wheelers will see a boom, there will also be a rise in sales of second-hand e-two wheelers," Sasidhar Nandigam, Chief Strategic Officer, CredR said.

Nandigam said at present, electric mobility contributes to less than 1 percent of the two-wheelers market that can only increase from here. "We are excited to partner with Crayon Motors in bringing about this shift in the market," he said.

Users will be provided with the convenient and hassle-free exchange of used two-wheelers for electric bikes and receive their new vehicle within days. An instant price quote/estimate will be generated through the proprietary pricing application powered by CredR, it said.

To complete the transaction, CredR will validate the documents and the health of the petrol version of the two-wheeler. The exchange price will then be adjusted against the final cost of the new Crayon Motors e-two-wheeler, it added.

"With the increasing adoption of electric vehicles, the Indian mobility industry is undergoing a major transformation. Our customers will now have a hassle-free experience exchanging their old two-wheelers while purchasing a Crayon Scooter.

"We are excited about this partnership and look forward to growing together," said Mayank Jain, Director, Crayon Motors. 

Author : Moulin Oza
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