OTO achieves Rs 100-cr disbursal for 11k vehicles via its commerce platform

Two-wheeler buying and financing startup, OTO, said that it has achieved a milestone by financing vehicles worth Rs 100 crore through its digital commerce platform in the last thirty-three months.

OTO, founded in 2018 by IIT-Mumbai alumnus Sumit Chhazed and Harsh Saruparia, has facilitated in sale and financing of over 11, 000 vehicles, of which approximately 2, 700 vehicles are electric. The startup generated significant portion of its sales from its headquarters in Bengaluru.

The startup operates on an innovative financing model for 2-wheelers where the buyer pays an upfront amount like any other finance options but gets up to