CredR and Crayon Motors partner to provide seamless upgrade to electric bikes

CredR – an Omni-channel two-wheeler used consumer brand has announced collaborating with Crayon Motors, a fast growing Electric Bike Brand. With this collaboration, users can exchange any petrol-based two-wheeler for a Crayon Motors electric bike. While exchanging the old two-wheeler, CredR will offer instant quotes for old petrol scooters thus reducing the upfront cost of Crayon Motors e-bikes.

The company said users will be provided with convenience 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. To complete the transaction, CredR will verify 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 electric two-wheeler. Currently, the program is applicable in Delhi NCR and Jaipur, and will soon be expanded to other cities across India including Bangalore and Pune.

Sasidhar Nandigam, Chief Strategic Officer, CredR, said, “India’s Electric mobility landscape is going to change dramatically 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.”

Currently, he said, electric mobility contributes to less than 1% of the two-wheelers market that can only increase from here. “We are tremendously excited to partner with Crayon Motors in bringing about this shift in the market.”

Mayank Jain, Director, Crayon Motors said, “With increasing adoption of electric vehicles, the Indian mobility industry is undergoing a major transformation. We, at Crayon, seek to be at the forefront of this transformation by providing our customers the best products and services. Our partnership with CredR will further this cause. Our customers will now have a hassle free experience exchanging their old two-wheelers while purchasing a Crayon Scooter.”