Perpetuity Capital, a fintech platform specializing in clean-tech mobility, has successfully raised Rs 7 crore through Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital. This injection of funds is earmarked to enhance Perpetuity Capital’s lending capabilities and expand its loan book, with a particular focus on the regions of East India. The strategic aim is to promote the adoption of environmentally friendly mobility solutions in these states.
Under the leadership of Karamveer Dhillon, Perpetuity Capital facilitates financing for delivery drivers and autorickshaw operators, enabling them to purchase electric vehicles for commercial use. This initiative not only supports the livelihoods of these drivers but also contributes to the broader goal of reducing carbon emissions and fostering sustainable transportation solutions.
In October 2023, Perpetuity Capital raised Rs 5 crore in debt from Clime Finance, further strengthening its financial base and commitment to green mobility.
In the competitive electric vehicle financing space, Perpetuity Capital stands alongside players such as Vidyut, Revfin, Finayo, Mufin Green Finance, OTO, Evfin, and Hero FinCorp. Notable recent funding activities in this sector include Revfin’s $14 million Series B round led by Omidyar Network in December and Vidyut’s $10 million raise in February this year.
