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Perpetuity Capital employs non-traditional data points to assess creditworthiness, enabling access to financing for individuals who are often excluded by conventional banking systems.“>
Clean-tech finance platform Perpetuity Capital has raised INR 7.5 crore through a combination of equity and debt financing. The company plans to use the funds to enhance its lending capacity and extend its operations into Tier II and Tier III towns across India. Perpetuity Capital focuses on providing financing for 2- and 3-wheeler electric vehicles, targeting single-owner drivers, fleet operators, and gig workers.
The funding round saw participation from notable investors, including Inderpreet Wadhwa (Founder of Azure Power Global Limited), Sudhir Kothari (CEO of Embee Software), Transaction Square LLP, and family offices such as Silver Pearl Limited and Baid Holdings. Legal counsel for the transaction was provided by Vertices Partners.
Expressing his enthusiasm on the development, Karamveer Dhillon, Founder and CEO of Perpetuity Capital, stated, “This funding is not just a testament to our vision but also a significant milestone in our journey toward building a sustainable and inclusive future. The funds will be instrumental in scaling our operations, refining our technology, and reaching more underserved customers across India.”
Perpetuity Capital employs non-traditional data points to assess creditworthiness, enabling access to financing for individuals who are often excluded by conventional banking systems. This approach supports small business owners and promotes environmental sustainability in the electric vehicle segment.
The company has financed 2,000 assets with a gross non-performing asset (GNPA) of 1.8% and has built a reputation for bridging the credit gap in the EV industry. With the new funding, Perpetuity Capital aims to further its role in supporting India’s clean energy transition.
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The company has financed 2,000 assets with a gross non-performing asset (GNPA) of 1.8% and has built a reputation for bridging the credit gap in the EV industry. With the new funding, Perpetuity Capital aims to further its role in supporting India’s clean energy transition.
Perpetuity Capital employs non-traditional data points to assess creditworthiness, enabling access to financing for individuals who are often excluded by conventional banking systems.“>
Clean-tech finance platform Perpetuity Capital has raised INR 7.5 crore through a combination of equity and debt financing. The company plans to use the funds to enhance its lending capacity and extend its operations into Tier II and Tier III towns across India. Perpetuity Capital focuses on providing financing for 2- and 3-wheeler electric vehicles, targeting single-owner drivers, fleet operators, and gig workers.The funding round saw participation from notable investors, including Inderpreet Wadhwa (Founder of Azure Power Global Limited), Sudhir Kothari (CEO of Embee Software), Transaction Square LLP, and family offices such as Silver Pearl Limited and Baid Holdings. Legal counsel for the transaction was provided by Vertices Partners.
Expressing his enthusiasm on the development, Karamveer Dhillon, Founder and CEO of Perpetuity Capital, stated, “This funding is not just a testament to our vision but also a significant milestone in our journey toward building a sustainable and inclusive future. The funds will be instrumental in scaling our operations, refining our technology, and reaching more underserved customers across India.”
Perpetuity Capital employs non-traditional data points to assess creditworthiness, enabling access to financing for individuals who are often excluded by conventional banking systems. This approach supports small business owners and promotes environmental sustainability in the electric vehicle segment.
The company has financed 2,000 assets with a gross non-performing asset (GNPA) of 1.8% and has built a reputation for bridging the credit gap in the EV industry. With the new funding, Perpetuity Capital aims to further its role in supporting India’s clean energy transition.
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