Montra Electric has signed a Memorandum of Understanding 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 financing options across Montra Electric’s electric three-wheeler portfolio and reduce financial barriers for individuals and businesses transitioning to electric mobility.
Under the agreement, Perpetuity Capital will offer tailored loan solutions designed to make ownership of Montra Electric’s passenger and cargo electric three-wheelers more accessible. The collaboration focuses on simplifying the credit process and aligning financing terms with the needs of last-mile operators, small fleet owners and individual drivers who form the core customer base for electric three-wheelers.By combining Montra Electric’s growing product range with Perpetuity Capital’s specialised green mobility financing expertise, the partnership seeks to accelerate the adoption of electric three-wheelers across key markets.
Flexible repayment options and streamlined approval processes are expected to help overcome one of the major challenges facing EV buyers — the higher upfront cost compared with conventional vehicles.
This move forms part of Montra Electric’s broader strategy to support the shift toward cleaner commercial mobility in India. As demand for electric three-wheelers continues to rise in passenger and cargo segments, improved financing access is expected to play a critical role in driving higher volumes and supporting the country’s overall electric vehicle adoption goals.