Our Model

The First Venture SPV Structure

Our innovative SPV-based model combines commercial and impact capital with specialized deployment mechanisms to create a transparent, accountable funding structure for the EV ecosystem.

Primary SPV

The Primary SPV serves as the central holding entity with equal shareholding from our Private Limited Company and Section 8 Company. It enters into an escrow agreement with a bank as trustee to ensure transparent fund management.

Key Functions:
– Pooling commercial and CSR funds
– Providing physical, IT, legal, and compliance infrastructure
– Allocating resources to Secondary SPVs
– Managing core platform services
– Conducting regular audits and governance

Secondary SPVs

Our Secondary SPVs focus on specific segments of the EV ecosystem, allowing for specialized governance, targeted investor participation, and segment-specific operational models.

EV Manufacturing & Components SPV

  • Focus: Supporting startups in vehicle manufacturing, components, and assembly.
  • Investment Instruments: Equity and debt for capital-intensive operations
  • CSR Component: Skill development for EV manufacturing workforce

Charging Infrastructure SPV

  • Focus: Developing charging networks, battery swapping, and grid solutions
  • Investment Instruments: Project finance and revenue-sharing models
  • CSR Component: Rural electrification initiatives aligned with charging deployment

Fleet Operations & Mobility Services SPV

  • Focus: EV fleet management, rental platforms, and mobility solutions
  • Investment Instruments: Asset finance and operational leases
  • CSR Component: Driver training and livelihood generation in underserved areas

Battery Technology & Recycling SPV

  • Focus: Battery innovation, recycling solutions, and second-life applications
  • Investment Instruments: R&D grants and equity investments
  • CSR Component: Environmental impact studies and community awareness programs

EV Financing & Insurance SPV

  • Focus: Specialized financial products for EV ecosystem participants
  • Investment Instruments: Credit lines and working capital solutions
  • CSR Component: Financial literacy programs for EV ecosystem participants

Escrow Model

Our escrow-based disbursement model ensures transparency and proper end-use verification of funds, with a trustee bank overseeing all transactions.

  • All payments to vendors made through escrow
  • Milestone-based disbursements
  • Third-party arbitration for dispute resolution
  • Vendor pre-qualification process
  • Working capital access through discounting
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