Montra Electric Partners Perpetuity Capital on EV Financing

Montra Electric has signed a Memorandum of Understanding (MoU) with Perpetuity Capital to expand financing access for customers purchasing its electric passenger and cargo three-wheelers.

The partnership will provide flexible financing options for Montra Electric’s electric three-wheeler portfolio, with the companies aiming to reduce financial barriers for customers transitioning to electric mobility.

The financing solutions are intended to support individual drivers, entrepreneurs, fleet operators and small businesses purchasing Montra Electric electric three-wheelers.

Montra Electric Three-Wheeler Financing Partnership

Under the agreement, Perpetuity Capital will provide financing options for customers purchasing Montra Electric’s electric passenger and cargo three-wheelers. The companies said the solutions are intended to accommodate different ownership requirements and simplify the purchase process.

Karamveer Singh Dhillon, Co-founder and CEO of Perpetuity Capital, said, “Flexible and accessible credit is critical to accelerating EV adoption, particularly for entrepreneurs and commercial customers who rely on these vehicles for their livelihoods.”

Flexible Financing For Passenger And Cargo Three-Wheelers

The partnership covers Montra Electric’s electric passenger and cargo three-wheeler portfolio. According to the companies, the financing arrangements are intended to make EV ownership more financially viable for customers while supporting the purchase of electric mobility products.

Financing To Support Drivers And Fleet Operators

The financing options are expected to cater to individual drivers, entrepreneurs, fleet operators and small businesses. Perpetuity Capital said the partnership forms part of its focus on expanding its portfolio of electric mobility-related financial solutions.