Perpetuity Capital Teams Up With 3ev Industries & 3eco Systems To Finance Electric Cargo Vehicles

Perpetuity Capital has entered into an agreement to finance electric three-wheeler cargo vehicles manufactured by 3ev Industries that will be owned and operated by 3eco Systems for last-mile logistics.

“We are witnessing a growing demand for electric commercial vehicles for last mile and e-commerce logistics due to environmental and cost-related reasons. We expect more transactions like this in the future,” says Mohit Dujari of Perpetuity Capital. 

3ev Industries manufactures the range of category L5 3W EVs including passenger (L5M), cargo vehicles (L5N), ICE-EV conversions, all ICAT, ARAI Certified and RTO registered.

"3ev vehicles are purpose-built based on the specific requirements of the end user.  In the B2B segment, our vehicles compete against incumbent ICE fleets with long operating histories.  We must provide a proven and sustainable value proposition in terms of lower total cost of ownership, reliability with minimal downtime, with guaranteed aftermarket service and maintenance, including safe and reliable battery rental,” said Peter Voelkner, MD of 3ev.

Karan Kadaba, Director of 3eco said, “3eco already operates India's largest dedicated 3W EV cargo fleet, serving the widest list of Enterprise in both B2B & B2C segments. We have a proven business model which internalizes the value chain within our partner ecosystem so that we can ensure customer satisfaction and also pursue greater value-added services.  This enables the highest earning EV B2B fleet with sustainable scalability and positive financial returns.”

3eco Systems provide solutions for hyper-local connectivity using an all-EV platform in India’s tier-one and two cities. It currently operates in five cities - Bengaluru, Hyderabad, Chennai, Coimbatore & Mumbai, and will reach 13 cities by the end of 2023.