Chargeup, India’s EV tech platform for last-mile drivers, has announced a strategic collaboration with Eleven, to enable ₹50 crore in ‘Green Clean Loans’ and provide holistic financial and health security to India’s last-mile driving community.
Powered by Chargeup’s technology platform, this partnership integrates EV financing, insurance, and performance assurance to help drivers overcome two long-standing barriers: high upfront EV ownership costs and limited access to affordable healthcare.
Under this collaboration with Chargeup, Eleven brings together its three group companies: SV Credit Line (SVCL), aiqa health, and Finncub, to create an integrated model. Through SVCL, the program will deliver dedicated EV loans, aiqa Health will provide insurance and healthcare benefits, and Finncub’s digital platform will streamline the entire process from loan origination to disbursement – all enabled by Chargeup’s tech platform for last-mile drivers.
A unique aspect of this program is the introduction of a daily hardship allowance that compensates drivers for lost income during hospitalisation. This ensures financial continuity and protection during medical emergencies, an often-ignored need of gig and last-mile workers.
Speaking on the partnership, Varun Goenka, Founder & CEO of Chargeup, said, “At Chargeup, our mission is to democratise EV ownership for last-mile drivers and maximise their uptime so they can run more and earn more. Our Green Clean Loans initiative carries this vision forward by ensuring drivers not only access sustainable mobility, but also remain financially and medically protected against unforeseen shocks that could threaten their livelihood.”
Adding his perspective, Karan Chopra, representing Eleven Group, said, “Through Eleven’s ecosystem comprising SVCL for finance, aiqa for health protection, and Finncub for digital enablement, we are bridging the gap between credit, healthcare, and technology. This partnership represents our shared commitment to empower grassroots and bottom-of-the-pyramid communities to pursue sustainable livelihoods with confidence and dignity.”
With this initiative, Chargeup has already enabled EV ownership for over 8,000 drivers and facilitated over ₹8.64 crore in EV disbursements through earlier NBFC partnerships. The Green Clean Loans initiative now expands this impact, bringing together mobility, inclusive finance, and essential wellness support under one seamless framework.
