⚡ Alliance Finance & LeMS Partner to Financing Electric 3-Wheeler Conversions

• Strategic Partnership: Alliance Finance Company PLC (AFC) signed an MoU with Lanka E-Mobility Solutions Ltd. (LeMS) to provide preferential leasing facilities for converting petrol-powered three-wheelers to electric across Sri Lanka. • Business Model & Savings: • LeMS converts conventional engines to electric drivetrains and provides batteries on a 3-to-5-year rental basis to avoid high upfront battery costs. • AFC offers tailored leasing options to finance the conversion costs. • Owners are estimated to save up to Rs. 40,000 per month in operating expenses (fuel and maintenance), depending on daily mileage. • National & Livelihood Impact: • Supports individual livelihoods for three-wheeler operators by significantly lowering daily operating expenses. • Advances Sri Lanka’s transport sector goals by driving sustainable mobility, reducing greenhouse gas emissions, and promoting urban decarbonisation.