The global E-scooter financing market generated USD 21.9 billion in sales in 2023. The e-scooter financing market is estimated to reach USD 279.8 billion by 2033, with demand increasing at a 29% CAGR during the forecast period. As the popularity of e-scooters grows, numerous financing options for electric scooter buyers to purchase or lease an e-scooter are accessible.
Electric scooter manufacturers collaborate with banks and non-banking financial institutions to offer e-scooter loans. Customers can purchase electric scooters using these e-scooter financing platforms, which are anticipated to offer them affordable and transparent credit via multiple e-scooter financing programs.
Individuals interested in purchasing or leasing an electric scooter might use electric two-wheeler financing schemes. Blockchain, mobile banking, and digital payment systems are the most prevalent technologies used by financial organizations today to serve customers.
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Because they are more ecologically friendly, electric scooters are more prevalent than ordinary scooters. They have LED lights that power the light and consume very little energy. These scooters have further advantages including agility, flexibility, eco-friendliness, and ease of maneuvering in congested areas, which have all contributed to a surge in electric scooter sales.
Cryptocurrency is already a part of several routine financial discussions, from investments and portfolios to salaries and purchases. Buying an e-scooter using cryptocurrency will be available in 2023. While there aren’t as many options for purchasing an e-scooter with cryptocurrency as there are for purchasing an e-scooter with cash, it is possible to purchase an e-scooter with cryptocurrency.
Key Takeaways from the Market Study
- Germany is expected to present a USD 7.8 billion opportunity by the end of 2033.
- The market has grown at a 26% CAGR over the last five years.
- Between 2023 and 2033, sales in India are expected to expand at an amazing 37% CAGR.
- The electric moped market, based on scooter type, is predicted to offer an absolute $ opportunity of USD 128 billion by the end of 2033.
- Demand in the lease segment is expected to expand at a CAGR of 31% throughout the projection period.
Competitive Landscape
To address the increased demand, e-scooter financing providers are developing tactics such as product innovation. To achieve a competitive advantage, players are cooperating with technological specialists.
- In July 2023, Enigma formed a strategic agreement with EZFinance, a financial institution, to strengthen Enigma’s capacity to provide end-to-end e-scooter financing assistance to its committed dealers and offer a seamless purchase experience for clients across the country.
- In July 2023, Quantum Energy, a well-known electric vehicle (EV) startup focused on designing, building, manufacturing, and sale of electric scooters, announced a joint venture with Bike Bazaar.
Leading Key Players:
- Bank of America
- AEON Credit
- Volkswagen financial services
- HDB Financial Services
- IDFC First Bank
- Klarna
- Katapult
- greaves finance
- L&T Finance
- Hyundai Capital
- Affirm
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global E-Scooter Financing market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by scooter type (electric kick scooter, self-balancing e-scooter, electric moped), provider type (banks, others (non-banking financial corporations, credit unions)), purpose type (loan, lease), and Region.
E-Scooter Financing Market Segmentation:
By Scooter Type:
- Electric Kick Scooter
- Self-Balancing E-scooter
- Electric Moped
By Provider Type:
- Banks
- Others
By Purpose Type:
- Loan
- Lease
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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