Evolution Auto-Union Bank offer financing solutions for EV buyers

Evolution Auto (Pvt.) Ltd, Sri Lanka’s leading electric vehicle (EV) solution provider, partnered with Union Bank of Colombo PLC to offer exclusive auto loans and leasing facilities to make EV ownership more accessible. 

This strategic collaboration enables the potential buyers to seamlessly finance their preferred EVs with hassle-free financial solutions. 

Through this partnership, the customers can now finance up to 90 percent of the vehicle’s value, simplifying the process of owning an EV. 

The buyers interested in the premium EVs offered, such as AVATR 11, IM LS6 Intelligent SUV and L6 Sedan, Xpeng G6 SUV, Riddara RD6 PLV and KYC V5 and V7 Van models, can take advantage of this initiative, further solidifying Evolution Auto’s commitment to delivering cutting-edge technology and a superior EV experience to Sri Lankan customers. 

The AVATR, a modern SUV with advanced technology, the versatile Riddara RD6, a performance lifestyle vehicle (PLV) with performance and perfect SUV comfort and premium interiors and the KYC van, a reliable choice for tourism and SME businesses, all offer customers excellent options for both personal and commercial use.

Evolution Auto Group CEO Virann De Zoyza expressed, “At Evolution Auto, we understand that purchasing an EV should be an exciting and stress-free experience. With Union Bank’s support, we’re offering compelling finance options that make EV ownership more accessible. Our collaboration with a respected financial institution reinforces the trust our customers place in us and we’re proud to offer flexible leasing options to suit their needs.” 

Union Bank Head of Leasing Kasun Balasooriya commented, “We are delighted to collaborate with Evolution Auto to offer innovative financing solutions designed specifically for the EV buyers. Our flexible financing options are tailored to meet the diverse needs of our customers, helping make EV ownership a reality for more people.” 

This partnership exemplifies the trust major financial institutions have in Evolution Auto as a reliable corporate partner, highlighting the availability of financing solutions that support the transition to electric mobility. This aligns with Evolution Auto’s vision of promoting sustainable, eco-friendly transportation in Sri Lanka.