ProsParity funding, investors and company details

ProsParity is an emerging Financial Services - Fintech - Lending startup from Mumbai, working in the space of FinTech – Electric Vehicle (EV) Financing Platform. Founded by Saurabh Khodke, Anirudh Dhakar.

Company: Thrive Trail Private Limited
Sector: Financial Services - Fintech - Lending
Location: Mumbai
Founders: Saurabh Khodke, Anirudh Dhakar
Total funding raised: ₹16.68 Cr

Company overview

ProsParity, operates in the fintech and electric mobility ecosystem, focusing specifically on enabling financing solutions for electric vehicles (EVs). The company is designed to address one of the key challenges in EV adoption access to efficient, scalable, and compliant financing. At its core, ProsParity provides an end-to-end digital platform for EV financing, connecting lenders, OEMs (original equipment manufacturers), and EV dealers. It streamlines the financing process by ensuring that lenders can operate within regulatory compliance while also offering flexibility and scalability in their operations. This makes it easier for financial institutions to participate in the rapidly growing EV market. The platform also plays a crucial role in supporting OEMs and EV dealers by simplifying access to financing. By enabling these stakeholders to offer financing options to end customers, ProsParity helps drive sales and adoption of electric vehicles. Its solutions are designed to reduce friction in loan processing, improve turnaround times, and enhance overall efficiency. Overall, ProsParity positions itself as a fintech enabler for the EV ecosystem, facilitating seamless collaboration between lenders and mobility stakeholders. By bridging gaps in financing infrastructure, the company contributes to accelerating the adoption of sustainable transportation solutions.

Funding rounds

Latest round (Pre-Seed): $ 2.00 Mn (₹16.68 Cr.), 2024-05-24. Investors: BeeNext, Sparrow Capital, All In Capital, DEVC, Huddle Ventures