ProsParity

ProsParity is a fintech company building a full-stack digital financing platform for the electric mobility sector in India. The company, operating under its registered name Thrive Trail Private Limited, was incorporated on November 15, 2023. It was founded by Saurabh Khodke and Anirudh Dhakar.

The platform aims to facilitate a seamless flow of credit from lenders to various stakeholders in the electric vehicle (EV) ecosystem, including individuals, fleet operators, dealers, and original equipment manufacturers (OEMs). Its core business is to aggregate the demand for EV financing, making it easier for lenders to invest in this asset class while enabling dealers and OEMs to secure financing for their customers. The product offerings include loans for electric two-wheelers and three-wheelers, as well as dealer financing solutions.

ProsParity's business model serves multiple client types. For lenders, it offers a platform to build a secured portfolio in the electric mobility sector. For OEMs, it acts as an omni-channel financing partner. For dealers, it provides a convenient financing solution for their business needs, and for customers, it offers affordable loans for purchasing EVs. In May 2024, the company announced it had raised $2 million in a pre-seed funding round from investors including BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. The capital is intended for building a proof of concept, developing technology, and expanding its origination networks, with an initial focus on central India.

Keywords: electric vehicle financing, EV credit, fintech, digital lending, sustainable mobility, asset financing, two-wheeler loans, three-wheeler loans, dealer financing, OEM financing, cleantech, financial services, India, EV ecosystem, credit platform, automotive finance, green finance, impact investing, debt financing, loan origination