Electric Vehicle (EV) Machine Refinancing

Expanding an electric vehicle (EV) business requires continuous capital infusion in the latest machinery. However, If your EV company has already invested in machinery but requires additional liquidity, machinery refinancing can help. By refinancing existing machinery, businesses can unlock capital tied up in assets while securing better interest rates. This additional liquidity can be used for business expansion, research & development, or working capital needs.

Key Features of Machine Refinancing

(*T&C Applied)

Machine Refinancing Advantages for EV Companies

Machine refinancing offers financial flexibility by converting existing machinery into working capital. It helps in scaling up production, improving cash flow, and ensuring business growth without additional debt burdens. Here are a few notable advantages:

Access the capital from owned machinery
Lowers the cost of financing compared to new loans
Allows reinvestment in research, development, and expansion
Helps in managing operational expenses efficiently
Reduces financial strain while upgrading technology
Provides a structured repayment plan tailored to business needs
Can help in consolidating multiple existing loans into one manageable payment
No need for new collateral as existing machinery is leveraged

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Machine Refinancing Eligibility for EV Company

Refinancing is available for EV businesses that own machinery and need funds for expansion or operational improvements. The eligibility criteria include:

Business should be registered as a company, LLP, or proprietorship
Machines must be fully or partially paid off and in good working condition
A stable revenue stream or growing business operations
A clear financial track record with consistent repayments
Proper valuation of machinery to determine refinancing potential
Business must operate in the electric vehicle sector
The loan amount depends on the machine value, financial health, and repayment capacity
Acceptable creditworthiness and repayment history

Machine Refinancing Documents Required for EV Company

To process your machine refinancing smoothly, you need to submit essential documents. These include:

Business documents
KYC documents of business owners and directors
Financial statements for the last 2-3 years
Machinery purchase invoices and ownership proof
Valuation report of the machinery
Existing loan statements (if any)
GST returns and bank statements for the last six months

EV Company Machine Refinancing at Terkar Capital

At Terkar Capital, we understand the financial challenges faced by EV businesses and provide tailored refinancing solutions. Whether you need funds to scale production, improve technology, or meet working capital needs, we ensure a seamless process with competitive interest rates and flexible repayment options. Our expertise in financial structuring ensures that your EV business gets the right funding without unnecessary financial strain.

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Machine Refinancing FAQs for EV Companies

Manufacturing equipment, battery production units, charging station machinery, and other essential EV-related machines can be refinanced.

Yes, startups with a strong financial foundation and operational machinery can apply.

Terkar Capital provides competitive interest rates that are determined by factors such as business stability, credit score, and machine valuation to meet the specific needs of your business.

Yes, it can be used to consolidate and settle existing high-interest machinery loans.

Yes, provided you have valid purchase documents and ownership proof.