Quantum Energy Partners with Bike Bazaar for retail financing
Quantum Energy, a Hyderabad-based electric scooter startup, has formed a strategic alliance with Bike Bazaar, a finance solutions provider for used and new vehicles. The agreement calls for the collaboration and powering of a large number of Quantum Bziness Pro e-scooters.
Quantum Energy’s Bziness Pro e-scooter, equipped with a Lithium Iron Phosphate (LFP) battery, has a claimed range of 135km on a single charge. It has a three-year or 90,000-kilometer warranty. The Quantum Bziness Pro also includes an IOT tracker with an IP67-rated battery pack, remote lock-unlock, anti-theft alarm, USB charger, disc brakes, LCD display, and other features.
Chakravarthi Chukkapalli, MD, Quantum Energy said, “With this partnership, we would like to make last-mile connectivity greener. Quantum Energy’s fleet is the smart choice for sustainable transportation. Through this partnership with Bike Bazaar, we aim to promote the adoption of electric vehicles for all kinds of deliveries. We are also working towards partnering with e-commerce and retail outlets for the use of electric vehicles in India and contribute to the country’s efforts towards a durable and carbon-neutral future.”
Karunakaran V, Joint MD and Co-Founder, Bike Bazaar Finance said, “Bike Bazaar takes pride in associating with Quantum Energy for fastening the transition to electric mobility in last-mile delivery segment. As a company dedicated to positively impacting the ESG space, we share a common vision with Quantum Energy towards a sustainable world. We are optimistic that our partnership will pave the way for new milestones in the electric two-wheeler industry and further the cause of clean energy in India.”
Earlier, Quantum Energy Partners, a private equity firm that invests in the energy transition and decarbonization sectors, announced the formation of HEQ Deepwater, a new company focused on acquiring and developing high-quality assets in the deepwater Gulf of Mexico.
As part of its launch, HEQ Deepwater has acquired a 20% working interest in the Shenandoah development, a large-scale oil project operated by Beacon Offshore Energy. Quantum Energy Partners has also recently invested $10 million in Project Canary, a company that provides continuous emissions monitoring and ESG data across the energy industry
Content Credit: Express Mobility