Electric vehicles (EVs) have several advantages over compressed natural gas (CNG) vehicles. Some key benefits include zero tailpipe emissions, contributing to cleaner air and reduced greenhouse gases. EVs are more energy-efficient, resulting in lower energy consumption per mile. They offer lower operating costs due to the cheaper electricity compared to CNG fuel. Additionally, EVs have fewer moving parts, leading to reduced maintenance expenses. Home charging convenience eliminates the need for frequent fueling station visits. Lastly, regenerative braking in EVs enhances energy efficiency by recapturing energy during braking.

Driveo provides leasing services for a range of electric vehicles (EVs), encompassing 3-wheelers and 4-wheelers, with a particular focus on vehicles required for commercial usage.

Financing and Leasing are two different ways to acquire a vehicle, with the primary difference being ownership of the vehicle. With financing, the individual obtains a loan to buy the vehicle and becomes its owner after completing the loan payments. Conversely, in leasing, the individual pays for using the vehicle during a specified period and returns it at the lease term's end.

Vehicle leasing offers lower monthly payments, minimal down payment, lower repair costs, potential tax benefits for businesses, no resale hassles, flexibility in lease terms, preservation of capital, avoidance of depreciation risk, and risk mitigation through evaluating vehicle performance before committing to ownership.

An Operating Lease is a type of lease agreement where the lessee (the entity leasing the vehicle) obtains the right to use the vehicle for a specific period, intended for use by the lessee or its customers. The leasing company maintains legal ownership of the vehicles but grants the right of vehicle usage to the lessee for the duration of the contract period. At the conclusion of the lease term, the lessee has an option to buy the Vehicle.

Send us a message via the contact form and we will get in touch with you to explore the possibility of partnering.

To get on boarded, here is the list of documents we need:

• Pre-sanction stage: Company and Director KYC documents; incorporation documents; ownership structure; bank statements ; P&L accounts ; annual report / ITRs ( audited duly signed for the last 2 years with notes to accounts );
• Post-sanction stage: Master Lease Agreement; Board Resolution / Power of Attorney; Personal Guarantee; conditional documents ( if any ).

Driveo acquires the vehicle as per the lessee's specifications and leases it for an agreed duration during which the lessee pays a fixed monthly lease rental, as mutually decided. For more information on how the lease process with Driveo works, please click on the following link: ( How it works )

The leased vehicle will be registered under the name of the Driveo Electric Mobility Pvt Ltd, adhering to the regulations set forth in the Motor Vehicle Act.

It all depends on your needs: you can select any tenure upto 5 Years

The security deposit amount charged can vary depending on several factors, including the the type of vehicle being leased, the lessee's creditworthiness, and the overall terms of the lease agreement.

Typically, the security deposits can vary between the equivalent of two months' lease rentals to approximately 20% of the vehicle's value.

At the end of the lease term, assuming the lessee has fulfilled all the lease obligations, returned the vehicle in good condition within the allowed mileage limits, and paid any outstanding fees or charges, the lessor will typically refund the security deposit to the lessee.

Delivery of the EV’s will depend on the choice of Vehicle OEM and quantity required. Generally, it takes us 10-15 days to deliver the vehicle after the signing of lease agreement.

Inclusion in the lease depends on the services chosen by customer. Other than Vehicle, the following can be included in your lease :

• Insurance Management
• Fleet Maintenance
• Fleet Management and Tracking
• Damage Repairs
• 24/7 Emergency Road Side Assistance
• Replacement Vehicle
• Other services as mentioned in our product offerings

The lease amount for the vehicles will need to be paid on the pre-determined date of each month, as stipulated in the Master Lease Agreement

Apart from the fixed lease amount, the additional charges that may be incurred are excess usage fees for exceeding the monthly permitted kilometer limit as well as charges for availing of extra services like maintenance, charging, and parking.

Driveo offers comprehensive vehicle leasing services, including insurance and maintenance for the leased vehicles. Additionally, we provide optional charging and parking services tailored specifically for electric vehicles. We also offer Fleet Management and Fleet Analytics services to ensure your fleet operates at its peak performance and efficiency. Please click on the following link to know more about the wide array of services we offer that cater to all aspects of the leased vehicles : ( Our Offerings )

Driveo offers an all-encompassing range of after-sales services, which include repair and maintenance for all leased vehicles. The added provision of comprehensive insurance coverage and roadside assistance, ensures a stress-free experience in case of any problems.

At the end of the lease period, the lessee can either return the vehicle, extend the lease, purchase the vehicle or upgrade to a new lease. The specific options available will depend on the terms of the lease agreement.

Certainly, you will be presented with the option to buy the vehicle at the end of the tenure.

The residual value of a vehicle refers to the estimated value of the vehicle at the end of its lease term or useful life. It represents the expected worth of the vehicle after a certain period of use, depreciation, and wear and tear. The lease rentals are structured to ensure that the Lessee only pays only for the usage of the vehicle and not the residual value. It is determined depending on risk profile of asset, the kilometers and several factors that have an impact on it.

Yes, a lease can be concluded before its agreed-upon term by paying the termination charges. The lease agreement will detail the specific charges and terms associated with early termination.