Startup Funding Tracker

Perpetuity Capital funding, investors and company details

Perpetuity Capital is an emerging Banking and Finance - FinTech startup from Mumbai, working in the space of Fintech startup dedicated to enabling India’s rapidly expanding electric vehicle (EV) ecosystem through innovative and purpose-built financing solutions. Founded by Karan Dhillon, Karamveer Dhillon.

  • Company: Perpetuity Capital Private Limited
  • Sector: Banking and Finance - FinTech
  • Location: Mumbai
  • Founders: Karan Dhillon, Karamveer Dhillon
  • Total funding raised: ₹5 Cr

Company overview

Perpetuity Capital is a fintech startup dedicated to enabling India’s rapidly expanding electric vehicle (EV) ecosystem through innovative and purpose-built financing solutions. Operating as a specialized Non-Banking Financial Company (NBFC), it connects EV manufacturers, fleet operators, and end-users by offering tailored credit products designed for the unique dynamics of the EV sector. Founded with the mission of accelerating EV adoption in India, Perpetuity Capital addresses one of the industry’s most significant barriers—limited access to affordable and appropriate financing. The company provides loans and structured credit facilities to EV fleet operators, logistics players, and individual buyers, supporting the transition from internal combustion engine vehicles to electric alternatives. Its product suite includes asset financing, working capital loans, and customized credit solutions specifically developed for EV-focused businesses. By concentrating exclusively on this segment, Perpetuity Capital differentiates itself from traditional lenders, which often remain cautious due to perceived risks and the absence of long-term historical performance data for EV assets. The company has established partnerships across the EV value chain, including manufacturers, fleet operators, and charging infrastructure providers, helping build an integrated ecosystem for sustainable mobility. Its lending model is underpinned by data-driven credit assessment, leveraging real-time operational and usage metrics from EV fleets to more accurately evaluate creditworthiness and repayment capacity.

Funding rounds

  • Latest round (Debt): ₹5.00 Cr. ($ 0.60 Mn), 2023-10-20. Investors: Clime Finance
  • Past round (Debt): Undisclosed Amount, 2022-12-29. Investors: UC Inclusive