BAXY Mobility has announced a strategic partnership with Perpetuity Capital to secure financing for its electric three-wheeler vehicles. The agreement, led by Rajneesh Bankura, General Manager of Retail and Channel Finance at BAXY Mobility, will see Perpetuity Capital offering tailored financing solutions for BAXY’s fleet. The companies have formalized their collaboration through a Memorandum of Understanding (MoU), with an initial target to finance 300 vehicles over the next year.
This partnership focuses on strengthening BAXY’s sales and distribution network, particularly in rural regions. Perpetuity Capital, recognized for its support of clean-tech mobility solutions, brings its expertise in financing to help first-time borrowers access formal credit.
Karan Dhillon, COO of Perpetuity Capital, emphasized BAXY Mobility’s strong engineering and after-sales service, stating, “BAXY has set new industry standards with its cutting-edge solutions and a commitment to quality, making it a trusted leader in the electric OEM sector.”
Naveeth Menon, VP of Sales and Market Operations at BAXY, highlighted the significance of the partnership for sustainable mobility, stating, “This collaboration will enable us to offer affordable financing solutions, supporting the shift to electric mobility for individuals and businesses alike.”
The partnership aims to make green mobility accessible and affordable across India, furthering the country’s push towards sustainable transportation.
