TrucksUp has announced a strategic partnership with AU Small Finance Bank Ltd to offer economic, easy and hassle-free financing solutions for used trucks focusing on driver and transport business community. This partnership tactically aims to support small fleet owners in India by providing low EMI loans at competitive interest rates. Their target audience can also benefit from refinancing options on existing trucks and avail of top-up loans to meet their financial needs. This is making the access to capital needs for truck drivers’ community easy to grow and scale their business.

This collaboration further strengthens TrucksUp’s mission of transforming "Chaalak to Malik" and promoting self-reliance among truck owners. This initiative helps to empower small fleet owners to make smarter business decisions, improve their operational efficiency, and achieve entrepreneurial aspirations by simplifying access to finance.

Speaking on the collaborations, Virendra Yaduvanshi, CEO of TrucksUp said, “It is a pleasure to have AU Small Finance Bank Ltd as a strategic partner to align with our goals and objectives of empowering the truck driver’s community in India. AU Small Finance Bank Ltd adds value through their financial expertise in solving the capital needs at competitive rates. I express my gratitude to AU Small Finance Bank Ltd team who share our values, trust our work and understand our mission. This partnership is a step forward in fulfilling our vision of transforming the truck ownership experience in India, allowing our end users to fulfill their dreams and build successful businesses.”

Wahid Raza, Vice President of Value-Added Services at TrucksUp, said on the partnership, "We are happy to have a strong partner like AU Small Finance Bank Ltd who share our goal. The execution of this tie-up is being managed effectively and TrucksUp is well equipped and trained to serve the customers and driver community for their financial needs through AU Small Finance Bank Ltd."

TrucksUp’s partnership with AU Small Finance Bank Ltd is a major step forward in its commitment to transforming the commercial vehicle sector and empowering the truck driver community to achieve financial independence and success.