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Manba Finance Launches Battery Replacement Loans for Electric Three-Wheelers

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Manba Finance (NSE:MANBA, BOM:544262) has launched a financing product for replacement lithium-ion batteries used in electric three-wheelers.

The offering provides small-ticket, short-tenure loans for battery and charger kit replacements, targeting e-rickshaw and e-cart owner-operators, according to a Wednesday Indian bourse filing.

The non-banking finance company will initially roll out the product to its existing electric three-wheeler customer base across select locations, with a broader expansion planned based on portfolio performance and market response.

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