Piaggio Launches India’s First Battery Finance Plan for Electric 3-Wheelers

By Jony Shekhawat | Published Date : October 22, 2025

Piaggio Vehicles and RiseWise Capital bring India’s first 100% battery replacement finance plan for electric 3-wheelers.

Piaggio Vehicles and RiseWise Capital introduce India’s first battery replacement financing plan for electric 3-wheelers. The 3-wheeler drivers will get a facility of 100% finance for battery replacement after 3 to 4 years. The scheme is applicable in Maharashtra, Gujarat, Chhattisgarh and Karnataka.

Big Relief for 3-Wheeler Owners

Table Of Contents

1. Big Relief for 3-Wheeler Owners

2. Where the Plan Is Available

3. Key Highlights of the Scheme

4. How to Apply

5. Company Leaders’ Thoughts

6. A Big Step Toward Affordable Electric Mobility

Read More: Nikola EV Teams with Tata Motors to Build 1000 Charging Stations Across India
Piaggio Vehicles Private Limited has joined hands with RiseWise Capital to launch India’s first battery replacement financing plan for 3-wheeler users. This special plan will help electric 3-wheeler owners get 100% finance when they replace their old batteries after 3 to 4 years of use. It’s a big step for the growing electric 3-wheeler industry and aims to reduce drivers’ financial load during battery change.

Where the Plan Is Available

Right now, this new battery replacement finance plan is available in Maharashtra, Gujarat, Chhattisgarh, and Karnataka. Piaggio said that soon the benefit will also expand to other states. This plan targets all electric 3-wheelers, which are widely used for commercial purposes and require regular battery replacement after some years.

Key Highlights of the Scheme

Under this scheme, electric 3-wheeler customers can enjoy 100% finance support for their new battery.

• Finance Coverage: Full financing for replacing the battery after 3–4 years.
• Loan Tenure: Up to 24 months for easy repayment.
• Interest Rate: Starts from 10.99%.
• Insurance Required: Battery replacement must be insured and done through authorized dealers.
• Collateral: The existing Piaggio 3-wheeler will be used as security for the loan.

This setup gives electric 3-wheeler drivers peace of mind, as they don’t need to pay huge upfront costs for a new battery.

How to Apply

To avail this offer, customers can visit their nearest Piaggio 3-wheeler dealership. They can also apply online through Piaggio’s official website or contact any authorized dealer for step-by-step guidance. The process is designed to be simple, so even small cargo 3-wheeler or passenger 3-wheeler operators can easily apply and get approval.

Company Leaders’ Thoughts

Diego Graffi, Chairman and MD of Piaggio Vehicles, said, “With RiseWise Capital partnership, we want to make battery replacement stress-free for commercial EV users. This step will set a new benchmark in the electric 3-wheeler industry and push EV adoption across India.”

His statement shows Piaggio’s focus on helping small business owners, e-rickshaw drivers, and logistics operators who depend on electric 3-wheelers daily for income.

A Big Step Toward Affordable Electric Mobility

Overall, this battery replacement finance scheme is a game-changer for 3-wheeler owners. It helps them avoid heavy costs, keeps their vehicles running longer, and supports India’s electric mobility dream. For passenger 3-wheelers and cargo 3-wheelers, this move will bring real financial relief and boost confidence in switching to green transport.

In simple words, Piaggio’s move means no more worry for battery cost, full finance support, and a smoother future for electric 3-wheelers in India.

Also Read: First Look Inside the New Euler Storm EV 2600KG Electric Mini Truck

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Frequently Asked Questions on 3 Wheelers

Q1. Why are electric 3-wheelers becoming popular in India?

Ans. Electric 3-wheelers are getting popular because they save big money on fuel, have low maintenance, and are perfect for short city routes. Many drivers shift from diesel to electric 3-wheeler for better profit and comfort.

Q2. What is the main difference between passenger 3-wheelers and cargo 3-wheelers?

Ans. Passenger 3-wheelers are designed to carry people, giving smooth rides and comfort, while cargo 3-wheelers come with big loading trays or boxes made for goods delivery and last-mile transport work.

Q3. How does a 3-wheeler help small businesses grow?

Ans. A 3-wheeler is affordable and easy to run. It helps shopkeepers, delivery agents, and small transporters carry more items in less time, increasing daily income and overall business growth.

Q4. What are the benefits of choosing an electric 3-wheeler over a petrol or diesel one?

Ans. An electric 3-wheeler offers a silent drive, zero pollution, and huge savings on running costs. It needs very little maintenance and gives better long-term profit compared to petrol or diesel 3-wheelers.

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