Akme Fintrade India Ltd enters into agreement with FINAYO

Akme Fintrade (India) Limited (AFIL) has entered into an agreement with Kilpi Technology (FINAYO) and Services Private Limited for the financing of Electric Vehicles (EVs). This agreement marks a significant milestone in AFIL's commitment to supporting the adoption of sustainable and environmentally-friendly transportation solutions.

Benefits of Entering into this Agreement:

1. Introduction of New Product Model: By entering into this agreement, AFIL expands its product offerings to include financing for Electric Vehicles, marking the introduction of a new product model and positioning AFIL to cater to the evolving market needs.

2. Promoting Sustainability: Financing EVs enables AFIL to contribute to the reduction of carbon emissions and promote the adoption of eco-friendly technologies within the transportation sector.

3. Strategic Market Expansion: This partnership with FINAYO provides AFIL with an entry into the rapidly growing EV market, allowing us to tap into a high-growth sector and diversify our portfolio.

4. Enhanced Profitability: The agreement provides AFIL with the opportunity to generate stable revenue streams through competitive financing options for electric vehicles, contributing to the company's profitability.

5. Customer Value Proposition: The partnership makes EV ownership more accessible for customers by offering convenient financing options, thereby supporting the transition to sustainable transportation for a broader audience.

Shares of Akme Fintrade India Limited was last trading in BSE at Rs. 79.21 as compared to the previous close of Rs. 78.48. The total number of shares traded during the day was 37432 in over 630 trades.

The stock hit an intraday high of Rs. 81.73 and intraday low of 75.62. The net turnover during the day was Rs. 2960844.00.

Source : Equity Bulls

Keywords

INE916Y01019 AkmeFintradeIndia NBFC Agreement FINAYO KilipTechnologyandServices EVFinancing