Perpetuity Capital provides a digital platform for collateralized loans, allowing borrowers to apply online and receive funds within 72 hours. The company offers flexible repayment options and competitive interest rates, addressing the need for quick and accessible financing solutions for electric vehicle owners and fleet operators.
Funding
$9.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Electric vehicle (EV) owners and fleet operators often face challenges in securing quick and accessible financing solutions for vehicle acquisition. Traditional loan application processes can be cumbersome and time-consuming, delaying the adoption of EVs.
Solution
Perpetuity Capital offers a digital lending platform specializing in collateralized loans for EV financing, streamlining the application process and enabling borrowers to receive funds within 72 hours. The platform provides flexible repayment options and competitive interest rates tailored to the needs of EV owners and fleet operators. Perpetuity Capital utilizes an API-based architecture for quick integration with lending ecosystem enablers, simplifying data flow between originators and lenders. The company's tech-enabled co-lending infrastructure aids in discovery, execution, and fulfillment, connecting lenders with the right co-lending partners to scale their loan book.
Target Audience
The primary target audience includes individual EV owners and fleet operators seeking financing for electric vehicles, as well as lending partners looking to expand their loan portfolios in the EV sector.
Features
- Online loan application process accessible via web and mobile app.
- Loan disbursement within 72 hours.
- Collateralized loans up to 90% of the asset value.
- Flexible loan amounts ranging from ₹50,000 to ₹10 Lakhs.
- Competitive interest rates between 9.5% and 14% flat ROI.
- API-based architecture for integration with lending partners.
- Co-lending infrastructure for discovery, execution, and fulfillment.
- Smart IoT device integration for vehicle connectivity (optional).