PUNE: Piaggio Vehicles Pvt Ltd (PVPL), a 100% subsidiary of the Italian auto giant Piaggio Group and a pioneer in small passenger and commercial vehicles in India, has announced an exclusive partnership with RiseWise Capital, a leading fintech firm specialising in custom mobility financing. Through this collaboration, Piaggio introduces a first-of-its-kind battery replacement financing programme for its electric three-wheeler (3W) customers, making EV ownership more accessible and affordable.

This pioneering initiative offers up to 100% financing for battery replacement after three to four years of vehicle use, covering customers across RiseWise Capital’s operational areas – Maharashtra, Gujarat, Chhattisgarh, and Karnataka. It will gradually expand to other parts of India. With this partnership, Piaggio and RiseWise aim to ensure that customer fleets run smoothly while maintaining a positive turnover rate without incurring battery expenses or downtime.

This pioneering initiative allows Piaggio electric three-wheeler customers to replace their batteries after three to four years of vehicle use with 100% financing for the new battery. The program is designed to make EV ownership affordable and operationally seamless, addressing one of the key concerns for commercial EV operators: the cost of battery replacement. Customers can avail the financing through authorized Piaggio 3W dealers, with repayment structured upto 24 months at an affordable and reasonable interest rate, using the vehicle as collateral. This ensures that businesses can maintain fleet uptime, continue operations efficiently, and manage cash flow without the financial burden of an expensive battery replacement.

Speaking on the occasion, Diego Graffi, Chairman & MD, Piaggio Vehicles Pvt. Ltd., said, “At Piaggio, we continue to pioneer in the electric mobility space, with a focus on customer-centric innovation. This first-of-its-kind battery replacement financing offering in India underscores our commitment to making EV ownership simpler, more reliable, and financially viable. By partnering exclusively with RiseWise Capital, we are enabling commercial EV operators to sustain their operations without worrying about battery replacement costs. We believe this initiative will set a benchmark across the electric three-wheeler industry and accelerate EV adoption nationwide.”

Speaking on the occasion, Tejal Bhartiya, MD & CEO, RiseWise Capital Pvt Ltd. “Piaggio & RiseWise Capital partnership enables easy battery replacement without imposing high upfront costs on customers. It is designed to offer peace of mind by ensuring affordable and hassle-free battery replacements, while maintaining continuous uptime of the 3W EVs for uninterrupted business operations.“

Sham Jagtap, Executive Director, RiseWise Capital Pvt Ltd, expressed.”Piaggio’s strong EV portfolio and credibility in the industry make this collaboration impactful, helping businesses minimise downtime and scale sustainably. Together, we aim to set new standards for electric mobility finance in India. RiseWise Capital is Piaggio’s battery financing partner in India, introducing the nation’s first-ever battery replacement financing program.“

Key Features of the Battery Replacement Financing Scheme:

• Customers can avail financing of up to 100% of the battery invoice value for a new battery after 3–4 years of vehicle use (End of life of first battery)
• Flexible 24-month repayment schedule with a competitive interest rate of 10.99%onwards
• The existing Piaggio 3W EV will serve as hypothecated collateral for the loan
• Battery replacement insurance is mandatory and facilitated through authorised Piaggio dealers or partners
• Convenient multiple repayment options through ECS, NACH, or UPI AutoPay

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Dr. J V Srinivas, Lead Senior Consultant – Orthopaedics & Joint Replacement, said, “This technology uniquely benefits revision surgery by enabling the surgeon to take the minimum bone cuts necessary to fit the new implant, preserving vital bone stock that is often already compromised in such cases. Conventional surgery typically requires a fixed amount of bone removal, which may not be ideal for complex revision scenarios. The precision and customization afforded by the CORI system mark a significant advancement in orthopedic care, translating into better alignment, improved joint function, and potentially longer implant longevity.”

For surgeons, the use of robotics provides a significant advantage through real-time 3D imaging, allowing detailed surgical planning and precise intraoperative guidance. This technology helps ensure accurate bone cuts and optimal implant positioning, which are critical factors in reducing risks such as misalignment and instability. For patients, this translates to a more natural knee movement, less postoperative pain, and a faster, smoother recovery experience, ultimately improving their overall outcome and quality of life.

Dr. J V Srinivas further added, “Robotic-assisted revision knee replacement is a game changer in managing complex cases where preserving bone and achieving precise implant positioning are critical. This technology not only improves surgical outcomes but also offers patients a better quality of life post-surgery.”

The post Karnataka’s First Robotic-Assisted Revision Knee Replacement with the CORI System at Aster RV Hospital appeared first on NRI News.

PUNE: Sahyadri Hospitals proudly announces a groundbreaking achievement in orthopedic surgery with the successful completion of Pune’s first robotic-assisted hip replacement using the direct anterior approach. The procedure was performed on Mr. Dnyaneshrao Pradhan (name changed), a 65-year-old retired resident of Satara, diagnosed with Avascular Necrosis (AVN) of the hip, a condition where bone tissue in the hip deteriorates due to a lack of blood supply.

Under the expert care of Dr. Abhijit Agashe, Consultant Orthopedic and Joint Replacement Surgeon at Sahyadri Hospitals, the surgery was conducted on November 27, 2024, and Mr. Pradhan was discharged on December 2, 2024, reporting excellent post-operative progress. The use of the real intelligence robotic system combined with the direct anterior approach has set a new standard in the field, providing unparalleled precision and safety.

Dr. Abhijit Agashe commented on the benefits of this revolutionary technique, stating, “Compared to traditional hip replacement methods, the robotic-assisted direct anterior approach enables a more accurate and less invasive surgery. Patients benefit from reduced pain, quicker recovery times, and more natural movement post-surgery. This technology enables patients to sit cross-legged after surgery, a position essential for cultural practices and daily activities, making it particularly beneficial for those suffering from hip problems. This method has not only enhanced functional outcomes but has also allowed immediate postoperative mobility, significantly improving the quality of life for patients with AVN Hip.”

Dr. Agashe further highlighted, “The combination of the robotic system and the direct anterior approach represents a significant advancement in joint replacement surgery. The ability to feed preoperative data into the robotic system ensures each patient receives a customized surgery plan tailored to their specific anatomy, achieving perfect alignment and leg length with millimeter precision.”

Sahyadri Hospitals remains committed to adopting innovative technologies and methods to enhance healthcare outcomes. This successful procedure marks a promising step towards making robotic-assisted surgeries the new standard in hip replacements.

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