GetVantage, a revenue-based financing (RBF) and growth platform for founders, infuses over $5 million in electric mobility companies, including BluSmart, ChargeZone, EMotorad, Buyofuel and Vasa Renewables via ts marketplace in the last quarter alone.
Founded in 2019 by Bhavik Vasa and Amit Srivastava, the company has amassed a sizable portfolio of over 400 new-age businesses while diversifying into more sectors this year, including B2B SaaS and cleantech.
Bhavik Vasa, Founder and CEO of GetVantage, shares, "Hundreds of entrepreneurs are designing the future of sustainable urban mobility in their quest to build a more sustainable future for all. GetVantge is excited to support founders in the EV, climate-tech, and broader green-tech spaces with similarly sustainable funding options that are designed for environmentally conscious businesses."
Punit Goyal, Co-founder of BluSmart, said, "BluSmart operates one of the largest fully-electric ride-hailing fleets in the world with 3000 BluSmart EVs and one of the largest EV Charging Superhub infrastructures (with 2000+ BluSmart EV charging stations). With all the talk about a funding winter, it was incredibly refreshing to secure funding through the GetVantage platform in a manner that was quick, frictionless, and hassle-free. The best part is we didn’t have to dilute any equity."
GetVantage works with licenced banks and NBFCs to provide various equity-free debt financing options to new-age businesses using a data-driven approach that enables funding up to Rs 10 crore in as little as 7 days.