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Through the issuance of Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital, Perpetuity Capital, a fintech platform focused on clean-tech mobility, has raised Rs 7 crore.
Perpetuity Capital intends to use these funds to increase its loan book and strengthen its lending capabilities. This calculated action is intended to encourage these states to adopt greener modes of transportation.
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Perpetuity Capital, led by Karamveer Dhillon, assists drivers of autorickshaws and delivery drivers in obtaining financing for the purchase of electric cars intended for business use.
Customers can use Perpetuity Capital's digital lending platform to get in touch with banks and NBFCs to apply for loans to purchase three-wheeler passenger and cargo EVs as well as two-wheeler EVs. The loan has a maximum term of five years and is processed in 24 to 48 hours.
Karamveer Dhillon, CEO, Perpetuity Capital, said, “This funding will significantly bolster our ability to provide financial solutions that facilitate the adoption of clean mobility, ultimately contributing to a greener, more sustainable, and inclusive future.”
Sushant Bhatia, Director Investments, RevX Capital, said: “Investing in Perpetuity Capital represents an investment in sustainable and inclusive development. We believe in their vision and capacity to transform the mobility sector in Bihar and Jharkhand. Our collaboration aims to accelerate the adoption of clean technologies in these areas,”
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About Perpetuity Capital
Founded in 2017 by Karmveer Dhillon and Karan Dhillon, Perpetuity Capital is non bank finance company (NBFC) that enables asset ownership for single owner operators and underserved entrepreneurs in the auto sector who usually do not have access to capital from organized lenders and banks.
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