EV Finance platform Perpetuity Capital secures Rs 5 crore in debt funding
ISB-accelerated EV finance platform, Perpetuity Capital, has secured Rs 5 crore in debt from Clime Finance. Perpetuity Capital is an online platform that helps delivery drivers and autorickshaw drivers avail finance to purchase electric vehicles (EVs) for commercial use.
Clime Finance is an RBI-registered NBFC, focused on providing debt to founder-led small and medium enterprises engaged in Climate action. Perpetuity Capital plans to use the debt for financing three and two-wheeler electric vehicles in new geographies that it has expanded into in the last 6 months.
