Perpetuity Capital, a fintech platform dedicated to clean-tech mobility, has successfully raised Rs. 7 crores through Non-Convertible Debentures (NCDs). The funding round was led by N+1 Capital and RevX Capital, two prominent debt funds that support SMEs and financial institutions. The newly acquired funds will be utilized to enhance Perpetuity Capital’s lending capabilities and expand its loan portfolio, with a particular focus on East India. This strategic move aims to promote environmentally friendly mobility solutions in these regions, significantly reducing carbon emissions and supporting sustainable development goals.
Strategic Investment Partners
N+1 Capital and RevX Capital’s investment underscores their commitment to fostering sustainable innovations. N+1 Capital, known for supporting start-ups and growth-stage companies with non-dilutive capital, aligns seamlessly with Perpetuity Capital’s mission. RevX Capital, an Entrepreneurs-First Debt Fund, not only provides financial backing but also offers strategic guidance and a network to help Perpetuity Capital reach new milestones.
Statements from Key Stakeholders
Karamveer Dhillon, CEO of Perpetuity Capital, expressed his excitement about the partnership: “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, stated: “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 of Investments at RevX Capital, added: “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.”
Promoting a Greener Future for India
The infusion of Rs. 7 crores will empower Perpetuity Capital to further its mission of supporting clean-tech mobility solutions. By increasing access to finance and credit, the company aims to facilitate the adoption of electric vehicles, significantly reducing the carbon footprint in these regions.
