Ascend Cap
E-Rickshaw Financing & EV Loans in India | Ascend Capital
Jaipur, India · Founded 2018
- Headquarters
- Jaipur
- Employees
- 11–50
- Founded
- 2018
- Business Model
- B2B
- Website
- ascendcap.in
About
Ascend Capital is an Indian electric vehicle financing company specializing in loans for e-rickshaws and light electric commercial vehicles, targeting last-mile mobility drivers across India. Founded in 2018 by IIT Madras alumni Lokesh Chandra and Gaurav Maheshwari, the company offers fast-approval EV loans with same-day disbursement, digital KYC, and competitive interest rates starting at 1% per month. Ascend Capital is one of India's early movers in the e-rickshaw financing segment and has ambitions to finance over 1 million electric commercial vehicles by 2030, having raised Rs 50 crore in funding to support growth. The company operates with AI-powered credit assessment to expand EV financing access to underserved commercial drivers.
Summary
Ascend Cap is a Fintech company based in Jaipur, India, founded in 2018.
Tech & App Stack
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