ProsParity, a rising star in the fintech arena, has successfully raised $2 million in its pre-seed funding round. The funding comes from a consortium of global institutional investors, featuring BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Notably, the round also witnessed significant participation from distinguished angel investors, including Dr. Ashish Gupta, Raj Dugar, Dhyanesh Shah, Abhishek Goyal, and Nitin Kaushal.
The injection of capital marks a pivotal moment for ProsParity as it sets its sights on several strategic initiatives. A significant portion of the funds will be allocated towards the development of proof of concept and advanced technological infrastructure. Furthermore, ProsParity intends to expand its origination networks, with a primary focus on central India. The startup is also laying the groundwork for extensive partnerships across a spectrum of stakeholders, ranging from original equipment manufacturers (OEMs) and fleet operators to dealerships and lenders.
Co-founded by Saurabh Khodke and Anirudh Dhakar, ProsParity stands out as a comprehensive electric mobility financing platform, distinguished by its unwavering commitment to compliance, scalability, and agility. Central to its mission is the simplification of financing relationships for EV dealers and OEMs, thereby facilitating seamless financing solutions for end-customers.
Through a combination of its proprietary platform and innovative origination approach, ProsParity aims to consolidate financing demand on a unified platform. This strategic endeavor not only empowers lenders to efficiently allocate capital within the burgeoning EV financing landscape but also propels the transition towards sustainable mobility solutions.