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Revenue-Based Financing Platform GetVantage Invests Over $5 M In Cleantech Businesses

GetVantage, a revenue-based financing (RBF) and growth platform for founders, has invested over $5 million in electric mobility companies, including ChargeZone, EMotorad, BluSmart, Buyofuel and Vasa Renewables via its marketplace in the last quarter alone.

GetVantage | Data-driven Revenue-Based Financing

Founded by Bhavik Vasa and Amit Srivastava in 2019, GetVantage empowers entrepreneurs by providing the growth solutions they need to unlock radical potential, including equity-free capital, real-time insights, business optimization tools, and resources through its extensive partner & mentor ecosystem.

Its data-driven platform empowers founders with access to non-dilutive growth capital ranging from US$ 10,000 – US$ 1 million.

Speaking about the development, Bhavik Vasa, Founder and CEO of GetVantage, said,

“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.”

Co-founders of GetVantage

The RBF platform has amassed a sizable portfolio of over 400 new-age businesses while diversifying into more sectors this year, including B2B SaaS and cleantech.

In June 2022, GetVantage raised a US$ 36 million growth round to power the growth of its performance-based financing solution and embedded finance product, enhance technology infrastructure, scale its product suite, expand its growing portfolio of B2B SaaS and subscription-driven businesses, and explore new-market opportunities across Southeast Asia.

The round was led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, and returning investors Chiratae Ventures and Dream Incubator Japan.

Commenting on the raised funds, 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.”

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