Gurugram-based BAXY Mobility has announced a strategic partnership with Perpetuity Capital, an EV-focused NBFC to secure financing for its electric three-wheeler vehicles. The companies have formalised their partnership through a Memorandum of Understanding (MoU), with an initial target of financing at least 300 vehicles within the next year.
The partnership aims to establish a robust sales and distribution network, particularly in rural regions. Perpetuity Capital, renowned for its support of clean-tech mobility, contributes its expertise in financing to help first-time borrowers secure formal credit efficiently.
Karan Dhillon, COO of Perpetuity Capital, said, “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, said, “This collaboration will enable us to offer affordable financing solutions, supporting the shift to electric mobility for individuals and businesses alike.”
