Partnership unlocks financing and support for Electric Vehicle buyers

Buying an electric vehicle in Fiji is set to become easier following a new partnership between the Fiji Development Bank (FDB) and Electric Vehicle (Fiji) Pte Limited (FMF EV).

The two organisations signed a Memorandum of Understanding in Suva on March 27, 2026, aimed at improving access to financing and supporting the shift to low-emission transport.

The agreement will see FDB roll out tailored loan products for electric vehicles, while FMF EV drives marketing, promotions and public awareness to help consumers better understand EV options.

Customers will also be able to access financing guidance during exhibitions, roadshows and vehicle demonstrations organised under the partnership.

Speaking on the partnership, FDB chief executive officer Filimone Waqabaca said the initiative aimed to make electric vehicles more attainable.

“Through this partnership, we aim to make electric vehicles more attainable for individuals and businesses by providing tailored financing solutions and supporting awareness initiatives.

“By working closely with FMF EV, we are not only supporting innovation but also helping to build confidence in electric mobility within our market.

“I want to emphasise that partnerships like this are critical. No single organisation can drive this transformation alone. It requires collaboration between financial institutions, private sector innovators, and the wider community.”

FMF Group managing director and chief executive officer Sanjay Punja, in a statement relayed by group marketing manager Maria Kumar, said the collaboration would support greener investment.

“It is a pleasure to partner with Fiji Development Bank to provide favourable green financing that gives Fijians the confidence to invest in 100% electric vehicles.

“This partnership is about more than just selling vehicles. It is about making sustainable transport more accessible, practical, and affordable for our people. We want consumers and businesses to feel assured that choosing an 100% EV is not only a smart financial decision, but also a responsible step toward a cleaner and healthier future.

“At FMF, we believe the future of transport in Fiji must be sustainable, accessible, and forward-thinking. Through this collaboration, we are helping everyday Fijians take a meaningful step toward reducing emissions, lowering fuel dependency, and building a better future for the next generation.”

The partnership is expected to open up more opportunities for consumers to invest in electric vehicles while supporting Fiji’s broader sustainability goals.