Folks Finance: Expanding into financial services

Folks Motor launches 'Folks Finance' to provide crucial retail financing for EV retrofits. One of the biggest hurdles for customers wanting to retrofit their cars has been the lack of financing options. Banks have traditionally been hesitant to fund modifications on older vehicles.

Folks Finance aims to bridge this gap by offering tailored loan products with attractive interest rates and flexible repayment tenures. This initiative is expected to significantly boost the adoption rate of Folks Motor's retrofit kits.

In addition to retail financing, Folks Finance will also offer working capital solutions for dealers and channel partners, ensuring a healthy ecosystem for business growth.