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ProsParity secures $2 million in pre-funding from BEENEXT and others

Funding Alert

ProsParity, a dynamic fintech startup, today announced the successful close of a pre-funding round, raising an impressive $2 million. The funding was led by esteemed global institutional investors including BEENEXT, Sparrow Capital, All In Capital, DeVC and Huddle Ventures.

Renowned angel investors also participated in this ground-breaking effort, adding weight to ProsParity’s vision. Dr. Ashish Gupta, co-founder of Junglee and Helion Ventures, Raj Dugar, formerly of Eight Roads Ventures, Dhyanesh Shah, co-founder of Mosaic Wellness, Abhishek Goyal, co-founder of Tracxn, and Nitin Kaushal, co-founder of Country Delight, have lent their expertise and support to fuel the startup’s ambitious trajectory .

The capital infusion will play a key role in strengthening ProsParity’s core pillars, primarily focusing on the development of proof of concept and cutting-edge technology. In addition, it aims to use the funds to strengthen its native networks, starting with central India. ProsParity’s strategic plan includes building robust partnerships across multiple sectors, including original equipment manufacturers (OEMs), fleet operators, dealerships and lenders.

At its core, ProsParity is committed to streamlining electric mobility financing, prioritizing compliance, scalability and agility for lenders. The platform aims to simplify access to financing relationships for electric vehicle (EV) dealers and OEMs, thereby facilitating seamless financing solutions for end customers.

Founded by Saurabh Khodke and Anirudh Dhakar, ProsParity is a comprehensive e-mobility financing platform poised to disrupt traditional paradigms. By leveraging a proprietary platform and an innovative origination approach, the startup seeks to consolidate funding demand on a single platform. The goal of this focused effort is to enable lenders to efficiently allocate capital in the emerging EV financing asset class, thereby accelerating the transition to sustainable mobility solutions.

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