Perpetuity Capital raises INR 7 crores to enhance clean-tech mobility lending • EVreporter

Perpetuity Capital, a fintech platform specializing in clean-tech mobility, has raised INR 7 crores through Non-Convertible Debentures (NCDs). This funding round was backed by N+1 Capital and RevX Capital, two debt funds supporting SMEs and financial institutions. Perpetuity Capital plans to use these funds to enhance its lending capabilities and expand its loan book, focusing on East India.

This capital infusion will enable Perpetuity Capital to advance its mission of supporting clean-tech mobility solutions by enhancing access to finance and credit. The aim is to promote the adoption of electric vehicles and reduce the carbon footprint in these regions.

N+1 Capital and RevX Capital are investing in Perpetuity Capital to support sustainable innovations. N+1 Capital provides non-dilutive capital to startups and growth-stage companies, aligning with Perpetuity Capital’s mission. RevX Capital offers both funding and strategic guidance to help Perpetuity Capital achieve new milestones.

Statements from Key Stakeholders

Karamveer Dhillon, CEO of Perpetuity Capital: “We are excited to have the support of N+1 Capital and RevX Capital as we continue to expand our lending operations in East India. This funding will significantly bolster our ability to provide financial solutions that facilitate the adoption of clean mobility, ultimately contributing to a greener and more sustainable and inclusive future.”

Akshay Saini (Vice President of N+1 Capital) said: “Perpetuity Capital’s focus on clean-tech mobility aligns perfectly with our investment philosophy of supporting ventures that drive positive environmental impact. We are proud to partner with them and support their growth in key regions of India.”

Sushant Bhatia (Director, Investments of 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.”

Also read: Hala Mobility secures INR 1 crore debt funding from Perpetuity Capital