TORK MOTORS PARTNERS WITH CREDR TO FACILITATE EXCHANGE OF USED TWO-WHEELERS WHILE BUYING KRATOS

●        The partnership will help in elevating the growing e-motorcycle segment in the country

●        Customers can exchange their used two-wheeler on CredR platform while buying Kratos

●        The offer is currently applicable in Pune and Bangalore

Pune, O5 December 2022: India’s first and fast-growing electric motorcycle manufacturer, Tork Motors has partnered with CredR for a first-of-its-kind      offer for an electric two-wheeler. Under this partnership, customers will be able to exchange their old two-wheelers on CredR’s      platform to buy a brand-new KRATOS, offering best-in-class solutions with transparency, genuineness, and accuracy. CredR will evaluate the exchange vehicle as per their proprietary inspection on  120+ checkpoints to derive the best-selling value. The exchange value will be discounted from KRATOS’ buying price. The customer will have to pay only the differential amount to own the KRATOS or KRATOS-R.

Tork Motors launched its flagship product – KRATOS and KRATOS-R in January, this year. The KRATOS® is priced at INR 1,22,499 [ex-showroom after subsidy in Maharashtra] and is available in white colour only. The KRATOS®-R is priced at INR 1,37,499 [ex-showroom after subsidy in Maharashtra]; and comes in four colour options white, blue, red and black.. Consumers can book KRATOS and KRATOS-R by visiting the company's official website at www.booking.torkmotors.com  

Commenting on the partnership, Mr. Kapil Shelke, Founder and CEO of Tork Motors said, “This one of its kind proposition is designed especially for Tork Motors’ customers to own their dream electric motorcycle – KRATOS. The collaboration is intended to offer easy accessibility and solution for a cleaner and better mode of transport, along with an element of convivial riding. With CredR, we aim to reach out to a wider consumer base, who are looking to upgrade their current two-wheeler, through a better price proposition. We will continue to partner with key players in the industry to ensure that the electric motorcycles segment is accessible and transcends to larger geographies in the country.”

Sasidhar Nandigam, Co-founder and CEO of CredR, said, “Motorcycle segment is one of the key sectors of the overall automotive Industry. While electric motorcycles are gaining momentum in the rapidly growing EV sector, it has been our endeavour to offer easy access to one of the best electric motorcycles brands in the country. This customer-centric affiliation offers hassle-free accessibility to own the Tork KRATOS, with a simple process. This will also help bring in the paradigm shift in the electric motorcycle market of the overall EV space in India.”

Tork Motors is the first electric motorcycle brand to enter this unique partnership offering access to its made-in-India KRATOS to enthusiasts. The collaboration will provide a hassle-free exchange of their used vehicles at the nearest Tork Motors dealership. Post handing over their vehicle, the customers will be able to buy the KRATOS.

About Tork Motors Pvt. Ltd.

Tork Motors is India’s first electric motorcycle manufacturer, registered in the year 2006. The brand has a rich and glorious legacy of racing at the ‘Isle of Man and is backed by the Bharat Forge group. Kapil Shelke, the founder of Tork Motors has leveraged his racing experience in making the brand India’s top electric vehicle manufacturer. Tork Motors has filed more than 50 patents and designs under IPR (Intellectual Property Rights bolstering its R&D and cutting-edge technology since its inception. To know more about the company, visit: www.torkmotors.com 

About CredR:

CredR is India’s most trusted and only omni-channel consumer brand for buying and selling used two-wheelers. Founded in 2015, CredR, aims to simplify the entire process of transacting in used two-wheelers, by offering industry-first-in-class products/ services for building trust in a segment which is highly unorganized and fragmented. The company operates India’s first and largest chain of CredR branded retail showrooms across major cities like Pune, and Bengaluru. These showrooms offer customers with a wide range of used refurbished two-wheelers at the best prices. Using its proprietary technology and full-stack vertically integrated business model, CredR is revolutionizing the entire customer experience.

The company is backed by marquee blue-chip funds such as Yamaha, Eight Road Ventures (Fidelity's proprietary investment arm), Omidyar Network, Stride Ventures, BlackSoil, AngelList, K Ganesh (GrowthStory) and angel investors like Amit Agarwal (CEO, Amazon India), Rohit Bansal, Kunal Bahl, Sameer Sawhney and Deb.