Perpetuity Capital Raises Rs 7 Cr In NCDs For Cleantech Mobility Expansion: Report

Perpetuity Capital, a fintech platform specialising in clean-tech mobility, has raised Rs 7 crore through Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital, according to media reports.

The funds will be used to enhance lending capabilities and expand Perpetuity Capital’s loan book in East India, promoting eco-friendly mobility solutions, reports indicate.

Led by Karamveer Dhillon, the platform aids delivery and autorickshaw drivers in financing electric vehicles for commercial use.

In October 2023, Perpetuity Capital raised Rs 5 crore in debt from Clime Finance, media reports confirm.