Montra Electric partners with Perpetuity Capital to offer flexible financing for electric passenger and cargo three-wheelers, supporting drivers, businesses, fleet operators and wider EV adoption across India.
By Ved Yadav
Flexible financing for electric passenger three-wheelers
Financing support for electric cargo three-wheelers
Benefits drivers, entrepreneurs and fleet operators
Aims to reduce EV ownership financial barriers
Supports wider electric mobility adoption in India
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 in India. The partnership aims to provide flexible and accessible financing solutions, making it easier for more customers to transition to electric mobility.
Under the agreement, Perpetuity Capital will offer financing options for Montra Electric's electric passenger and cargo three-wheeler portfolio. The solutions will be designed to accommodate different ownership requirements and simplify the vehicle purchase process for customers.
The partnership is expected to reduce financial barriers associated with EV ownership and make electric three-wheelers a more financially viable option for commercial and individual users.
The financing solutions will cater to a wide range of customers, including individual drivers, entrepreneurs, fleet operators and small businesses. These customer groups often depend on commercial vehicles for their daily operations and livelihoods, making access to suitable credit an important factor in vehicle ownership.
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.”
Perpetuity Capital said the collaboration is also part of its broader focus on expanding its portfolio of financial solutions related to electric mobility.
By combining Montra Electric's electric three-wheeler portfolio with Perpetuity Capital's financing solutions, the companies aim to make the transition to electric mobility easier for more customers across India.
The partnership covers both passenger and cargo electric three-wheelers, addressing the needs of customers operating in passenger transportation, goods delivery and other commercial applications. With flexible financing becoming increasingly important in the EV market, the collaboration could help individual buyers and businesses overcome the upfront cost of purchasing electric vehicles.
The MoU reflects the growing role of financing partnerships in supporting the adoption of electric commercial vehicles, particularly in the three-wheeler segment, where affordability and access to credit remain key considerations for many buyers.
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Montra Electric’s partnership with Perpetuity Capital is expected to make electric three-wheeler ownership easier through flexible financing solutions. Covering both passenger and cargo vehicles, the initiative will support individual drivers, entrepreneurs, fleet operators and small businesses. By improving access to credit and reducing upfront financial barriers, the collaboration could help accelerate electric mobility adoption and strengthen the use of EVs for commercial transportation across India.
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