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Montra Electric has signed a Memorandum of Understanding (MoU) with Perpetuity Capital to strengthen financing access for customers purchasing its electric passenger and cargo three-wheelers. The partnership aims to make electric mobility more affordable and accessible through flexible, customer-focused financing solutions.
Under the partnership, customers purchasing Montra Electric’s electric three-wheelers will have access to financing options tailored to different ownership requirements. The solutions are expected to benefit individual drivers, entrepreneurs, fleet operators and small businesses by making EV ownership more convenient and financially viable.
By combining Montra Electric expanding electric three-wheeler portfolio with Perpetuity Capital financing capabilities, the companies aim to simplify the vehicle purchase journey and reduce financial barriers for customers transitioning to electric mobility.
Karamveer Singh Dhillon, Co-founder and CEO, Perpetuity Capital, said that accessible and flexible credit is critical to accelerating the adoption of electric three-wheelers, particularly among entrepreneurs and commercial customers who depend on these vehicles for their livelihoods. He added that the partnership will focus on making financing more seamless while supporting India’s transition towards sustainable transportation.
The partnership marks a step towards strengthening financing accessibility in India electric three-wheeler segment. It also reinforces Perpetuity Capital’s focus on building a robust EV ecosystem through customer-centric financial solutions and services.
