Accelerated Money for U: Non Banking Finance Company

At AMU, we're driving the future forward with our comprehensive electric vehicle (EV) financing solutions.

AMU impact highlights

13 states
170+MSMEs supported
2000+individuals supported
500m+kms driven

Get Easy E-Rickshaw Loans with AMU

Specializing in the financing of L3 and L5 category vehicles, AMU offers competitive rates and flexible terms that align with your personal mobility needs. Our commitment is to make electric vehicles accessible to everyone, ensuring a sustainable future for all.

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Apply for E-rickshaw Loans Easily.

Personal Loans

As part of our commitment to supporting our employees' financial well-being, we're thrilled to offer an exclusive personal loan opportunity through AMU.

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Why work with AMU:

AMU stands apart with a distinct philosophy. We understand the intricacies of running a Non-Banking Financial Company (NBFC) with a vision that transcends short-term gains. Our focus is on cultivating long-term, healthy profitability and fostering a loyal customer base.

About us
Flexible and modular financing solutions
EV Ecosystem integration
Trust and Reliability

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Our Partners

Hear what they have to say

Muje nahi pata tha e-Ricksawa lena etna asan hai . Mei show room gaya e-Ricksaw pasand ki aur le li . AMU se loan pe kuch kakaz de ke kharid li . AMU ne humhari zindagi asan bana di aur humhare mahine ki kamai bhad di . AMU ka bahut dhanayewad”


Meri puri family depends hai E-ricksawa pe aur muje 10-15 minute me AMU se loan milgya aur jaldi”

Shaneena Begum
Uttar Pardesh

AMU finance motive to finance more people mostly they focus on ladies orientiented and support them very well to enpower them”

Mr. Wasif
Uttar Pardesh

Amu se loan liya aur half hr mei E-ricksaw milgai aur income achi hogai aur AMU ne kaam kakaz aur gurentee pe E-ricksawa dedi . Amu ka bahut dhanayvad

Ranjeet Kuswaha

E-rickawa mere pati chalati hai aur humhari amdani bhi bhad gai bus kuch kakaz diye aur
e-ricshawa pe loan hoga AMU ka bahut dhanayavad



What is E-rickshaw loan?

Finance or loan refers to the financial services and products specifically designed to assist individuals or businessesin purchasing electric rickshaws These are eco-friendly, battery-operated three-wheelers used primarily for short-distance transportation in many countries, especially in urban and semi-urban areas. 

Financial institutions like banks and NBFC offer loans to customers. These loans can cover the full cost of the vehicleor a significant portion of it, allowing the buyer to repay over time with interest. In many regions, microfinance institutions provide small loans to individuals who may not have access to traditional banking services. These loansare especially helpful for low-income individuals looking to start or expand their transportation businesses.

What are the benefits of using e-rickshaw finance?

Using e-rickshaw loan facility offers numerous benefits, both for individuals and businesses, as well as for broader societal and environmental goals.

Here are the key advantages:

  • Reduced Upfront Cost: Lowers the initial investment required, making it easier for individuals and 
small businesses to afford.

  • Flexible Repayment Options: Borrowers can choose repayment plans that fit their financial situation, 
with options for monthly instalments and varying loan durations.

  • Income Generation: Easy finance allows individuals, particularly those from low-income backgrounds, 
to start or expand their own transportation businesses, providing a steady source of income.

  • Job Creation: Financing can stimulate local economies by creating jobs for drivers, mechanics, 
and related service providers.

  • Reduced Emissions: E-rickshaws produce zero tailpipe emissions, helping to reduce air pollution and 
contribute to a cleaner environment.

  • Sustainable Transportation: Promote global sustainability goals by reducing reliance on fossil fuels 
and promoting renewable energy sources.

Does the government support EV segment in the last mile transportation category?

Government bodies offer financial incentives, such as subsidies and grants, to encourage the adoption and easy e-rickshaw loans, which can further reduce the overall cost for buyers.

How do I qualify for e-rickshaw loan?

Qualification requirements for e-rickshaw finance can vary depending on the lender

However, some common factors include:

  • Easy and Hassle-Free loans: NBFC are making efforts towards providing quick and easy loans with lesser documentation and faster delivery

  • Credit score: A good credit score will typically be required to qualify for the most favourable loan terms.

  • Income: Lenders will consider your income to ensure you can afford the monthly payments.

  • Business plan (if applicable): If you are using the e-rickshaw for business purposes, you may need to 
provide a business plan.

What are the types of e-rickshaw finance?

Finance typically covers L3 and L5 category, which are the most common types used in India.

What documents do I need to apply for the e-rickshaw loan?

The required documents can vary depending on the lender, but may include:

  • Proof of identity (e.g., Aadhar card / Pan card)

  • Proof of address (e.g., electricity bill)

  • Income documents (e.g., salary slips, bank statements)

  • Business plan (if applicable)

Do I get tax benefits?

In some regions, there are tax benefits or deductions available for purchasing electric vehicles are billed at 5% GST compared to 18% for ICE.

What are the interest rates for e-rickshaw finance?

Interest rates can vary depending on the lender, your creditworthiness, and the loan term. However, they are generally competitive compared to other loan options.

How long does it take to get approval on e-rickshaw loan?

Banks and NBFC offer quick and easy application processes, with approval decisions often received within 24 to 48 hours

What are the repayment terms in e-rickshaw finance?

Repayment terms are made easy ranging from 6 months to 36 months.

Can I e-rickshaw loan on second hand vehicle?

Can I e-rickshaw loan on second hand vehicle?

Where can I find finance options?

Several lenders offer finance in India. You can compare options from banks, non-banking financial companies (NBFCs),and online lenders.

What is the operation and maintenance cost?

There is a lower operating of Rs 1 only for EV and 40% lower maintenance costs compared to traditional fuel-powered vehicles, leading to savings over time.

Are E- Rickshaws energy efficient?

Yes, these are more energy-efficient, which can result in lower electricity costs for charging compared to fuel expenses.

Do they provide better mobility?

Yes, they provide an affordable and accessible transportation option for short-distance travel, improving mobility for urban and semi-urban populations. It now scaling in tier 3 cities as well

Can switching from conventional rickshaw reduce traffic congestion?

Yes, to a very large extent help reduce traffic congestion in crowded cities by offering a compact and nimble transportation solution.

Can switching from conventional rickshaw have a social impact?

Yes, it helps in reducing carbon footprints, reducing air pollution, noise levels and contribute to better public
health outcomes