🚀 Driving #financialinclusion for a #greenerfuture🌿 Do check out the pinned article to read more- Gaurav Maheshwari Lokesh Chandra Ajeet Singh Jhajhra YourStory Media The Economic Times Business Standard #AscendCapital #ev #finance #sustainability #cleanenergy
Ascend Capital
Financial Services
Jaipur, RJ 7,040 followers
Financing Clean Energy Mobility
About us
Ascend Capital (Ascend Bizcap Pvt Ltd) is a rapidly growing NBFC headquartered in Jaipur, focused on commercial EV (Electronic Vehicle) financing. Co-founded by IIT and IIM alumni, we are at the forefront of the EV revolution and recently closed our Series A round to power our growth phase.
- Website
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https://www.ascendcap.in
External link for Ascend Capital
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Jaipur, RJ
- Type
- Privately Held
- Founded
- 2019
- Specialties
- Electric Vehicle, Commerical EV Financing, and EV Financing
Locations
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Primary
Get directions
Jaipur, RJ 302006, IN
Employees at Ascend Capital
Updates
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I am excited to share that @Ascend Capital, an NBFC specializing in financing commercial electric vehicles (EVs) in India has teamed up with @Chargeup, an innovative Energy, as a Service (EaaS) platform for drivers transitioning to electric vehicles! Our partnership with Chargeup signifies a step in our goal to promote sustainable transportation solutions nationwide. By working we aim to empower drivers in developed tier 2 and 3 cities by providing them easier access to credit thus speeding up the adoption of electric vehicles in these areas. Through this collaboration we take pride in facilitating secure loans amounting to an INR 100 cr in FY 2024-25. This effort not only highlights our dedication to promoting inclusion but also showcases our commitment to environmental sustainability. At Ascend Capital we understand the impact #EVs can have on transforming the transportation industry and we feel privileged to contribute towards their widespread acceptance. In partnership with Chargeup we are laying the groundwork for a friendly and accessible future for upcoming generations. Come join us on this journey, towards mobility! https://lnkd.in/gv_UbRuC #AscendCapital #Chargeup #EVs #SustainableMobility #ElectricVehicles #FinancialInclusion #Partnership #India
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We at Info Edge Ventures are proud to announce our investment in Ascend Capital! Ascend Capital has raised INR 50 Cr in a round led by us and Asha Ventures. Founded by IIT Madras batchmates Lokesh Chandra and Gaurav Maheshwari, Ascend has been operating in the EV Financing domain for over the last 3 years and has built a robust customer base while remaining focused on one geography. As they expand their operations with this new fundraiser, we are thrilled to be a part of their journey! “Lokesh and Gaurav's understanding of the business and execution over the last 3 years gives us a lot of comfort as we partner with Ascend and we are certain with this fundraise they will further consolidate their lead as one of the top EV financing platforms in the country” said Chinmaya Sharma, Partner Infoedge Ventures. Chinmaya Sharma | Mohit Kaushik #fintech #AscendCapital #investment https://lnkd.in/gmWiugpz.
EV financing startup Ascend Capital raises Rs 50 Cr in Series A
yourstory.com
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🚀 Exciting News Alert! 🚀 I'm thrilled to announce that our company has successfully raised INR 50 cr in our recent funding round! 🎉 This milestone marks a significant moment in our journey, and I'm incredibly grateful to our investors Chinmaya Sharma and Amit Mehta for their belief in our vision and continued support. 💼💰 This new capital infusion will empower us to accelerate our growth, expand our team, and further innovate in our mission to become number one EV Financing platform. 🌟 With this strategic investment, we're poised to reach new heights and make an even greater impact in enabling India to achieve its net-zero ambitions. A huge shoutout to our dedicated team of Ascend Capital for their hard work and dedication throughout this process. 🙌 Together, we're building something truly special, and I couldn't be more excited about the opportunities ahead. Thank you to everyone who has been a part of this journey thus far. Here's to the next chapter of growth and success! 🚀💼 #FundingRound #StartupLife #Growth #Innovation
#FundingWithYS 💰 💼 Company: Ascend Capital 💸 Funding: Rs 50 crore ⚡ Round: Series A 👥 Investors: InfoEdge Ventures and Asha Ventures. The company said it will use the capital to expand its loan book. It added it hopes to cross Rs 300 crore in assets under management over the next two years. Founded in 2018 by Gaurav Maheshwari and Lokesh Chandra, Ascend Capital offers tailored loans to customers looking to purchase new commercial #EVs. Read more at the link in our comments section 👇 by Aparajita Saxena | #Funding #Startups
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