Bengaluru, 06th June 2023: OTO, a digital commerce and two-wheeler financier platform, successfully conducted its first-ever Electric Vehicle (EV)-centric marathon called 2Wheeler EV Marathon in Bengaluru on Sunday to support EV adoption and pledged to create awareness on the larger goal on reducing CO2 emissions in the country. The event was flagged off by Commandant RK Singh of the Indian Cost Guard.
As we celebrate World Environment Day, it’s crucial for OTO to take up the responsibility of encouraging individuals who ride two-wheelers to switch to electric vehicles. This will significantly contribute to the reduction of carbon emissions across the country.
Traditional two-wheelers have been adding to the woes of environment pollution for decades, and the adoption of electric vehicles is crucial in reducing its impact. In FY23, the total number of EV two-wheelers were nearly 5% or 7.3 lakh out of the 15.86 million two-wheelers sold in India in FY23.
Sumit Chhazed, CEO and Co-Founder of OTO said there is a huge scope for improving EV two-wheeler penetration and his clear message was: Let your next two-wheeler be an EV!
“As a two-wheeler finance and digital commerce platform, we recognize our responsibility to promote the use of EVs and reduce financing constraints for consumers planning to make the switch to sustainable transportation. The 2Wheeler EV Marathon is our first step towards that larger mission of green mobility. We believe that the shift towards EVs is not just an environmental necessity, but also an economic opportunity, and we are proud to be at the forefront of this change. At OTO, we envision a future where electric vehicles are the norm and sustainable living is a way of life, and we are working tirelessly towards making that a reality,” said Sumit Chhazed.
OTO’s partners, who are leaders in the auto industry, such as TVS Electric, Ampere, Okinawa, Matter, Lectrix, and Green Mobility took part in the 2Wheeler EV Marathon and raised awareness on the need for EV adoption for a sustainable future.
The EV Marathon witnessed participants showcasing their electric vehicles, ranging from e-scooters to electric bikes, providing a glimpse into the diversity and innovation within the EV market. The EV Marathon, a one-of-a-kind event, witnessed enthusiastic participation from EV enthusiasts, industry experts, and people who gathered to demonstrate their commitment to sustainable transportation.
Participants at the marathon and visitors experienced the thrill of driving an electric vehicle for the first time and showed interest in transitioning to electric mobility.