OTO, a two wheeler buying and financing platform has  announced its partnership with Workex, a digital staffing platform, which enables fast hiring & efficient staff management. The partnership will see OTO catering to the large base of blue and grey collared employees associated with Workex, as they endeavor to make two wheeler ownership affordable and flexible.

The users will now be able to choose and own their vehicles from a wide array of two-wheelers  OTO provides on their digital commerce platform along with flexible financing options. This will be made available through the OTO’s digital commerce platform across cities with OTO’s presence in  Bangalore, Hyderabad, Chennai, Pune, Indore, Delhi, Noida, Ghaziabad, Jaipur, Ahmedabad, and Nagpur. OTO aims to sell and finance 1000+ two wheelers with the help of Workex by the next quarter.

Commenting on the partnership, Sumit Chhazed, Co-Founder and CEO for OTO said “As the world opens up people once again want to aspire for more. At OTO our purpose is to provide these consumers the platform for discovery of their favourite two-wheelers and also finance this purchase. The partnership with Workex will allow the large community of young employees access to OTO’s content discovery platform and a smooth purchase journey. OTO’s platform will provide the necessary information, which will help the Workex users easily access a varied range of two wheelers to compare and choose before buying. We are excited to support the aspirations of the workforce at Workex.”

Nimish Sharma, CEO and Co-Founder for Workex said, “At Workex, our aim is to match and manage the workforce to improve job security and earnings of the workers. Keeping this objective in mind, the partnership with OTO will further help in educating our young, skilled and semi-skilled workforce by building an ecosystem which is more economical. OTO’s  innovative solution to owning two-wheelers will allow our large network of users to make informed purchases through an easily accessible automated service for  a wider employable population”.

There is a growing trend of working professionals seeking financial assistance while opting to buy a brand new two-wheeler. This is where OTO comes into the picture. The company aims to provide innovative financing solutions which are 10X simpler, faster, and more convenient than traditional financing. Apart from financing, OTO’s content discovery platform aims to provide a seamless buying experience to the workforce right from the discovery of their favorite two-wheeler to post purchase with an option to retain, return or upgrade at the end of the tenure. Through this partnership, the company will be able to leverage the large network of 6 Mn+ employee user base at Workex to enable two-wheeler discovery and finance via OTO’s commerce platform.

OTO was founded in 2018 by IIT-Mumbai alumnus Sumit Chhazed and Harsh Saruparia to present a 10X simpler, faster and more convenient way for 20Mn Indians to buy and finance their 2-wheelers every year. The company is headquartered in Bengaluru, with its services also available in Hyderabad, Chennai, Pune and Mysore. OTO has created a dramatically simpler leasing-like financing model for 2-wheeler purchases where buyers pay a similar upfront payment like any other loan, pay up to 30% lower EMIs and have the option to own the 2-wheeler at the tenure end OR sell it back to OTO. Around this core of “10X better” financing model & experience, OTO has added an app-based layer to help 2-wheeler buyers to find all the top options in one place, schedule a home test drive at their convenience and then choose to finance with OTO and continue to manage it – all in one place. With its 300+ dealer partners, OTO has financed more than five thousand two-wheeler vehicles.