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Charge+ and Goldbell Financial Services (GBFS), the financial subsidiary of Goldbell Group, announced today (November 30) a strategic partnership to lower both the upfront and operating costs of electric vehicle (EV) ownership.

This partnership will enable EV drivers to gain access to GBFS’ financing solutions and Charge+’s charging network in public housing, condominiums, shopping malls and office buildings.

EV drivers are able to enjoy up to three months of free charging credits, followed by three months of discounted charging credits when they take up an EV loan with GBFS.

GBFS is the first and only non-bank financial institution to date to offer charging credits in conjunction with EV loans.

The online car loan application process with GBFS is seamlessly integrated with MyInfo via Singpass and enables consumers to obtain pre-approved car loans, subject to satisfactory credit checks.

This will help potential car buyers understand their maximum loan amount and estimated monthly instalments, thus providing a greater peace of mind when planning a car purchase.

Following the loan disbursement, Charge+ will contact eligible customers to guide them through the process of accessing the charging credits via the Charge+ app, available for use at any of its public charging locations islandwide.

Charge+ currently has a network of more than 700 EV charging points in Singapore, but it is looking to ramp it up to about 6,000 by 2025.

“Drawing on our extensive experience in automotive financing, we firmly believe that we can play a pivotal role in accelerating the economy’s decarbonisation transition. The partnership with Charge+ moves us one step closer to our goal of catalysing the progression towards a low-carbon economy for future generations through flexible financing solutions,” said Alex Chua, Chairman of GBFS.

“The key bottlenecks to EV adoption in Singapore have been high upfront costs of EV and accessibility to convenient EV charging infrastructure. Therefore, Charge+ is proud to partner GBFS to spur EV adoption by lowering the cost of EV ownership and making the EV charging experience hassle-free. This partnership with GBFS means Charge+ can create more value for our EV drivers beyond just EV charging,” added Goh Chee Kiong, CEO of Charge+.

Featured Image Credit: Charge+ and GBFS

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Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)