New Delhi: Alternative investment platform Gripp on Monday said it has partnered with Chartered Bikes, a fully automated public bike sharing system, to provide retail investors an opportunity to invest in sustainable and eco-friendly property products.
Gripp will facilitate the lease of $3 million of assets for chartered bikes over a period of two to three months through its wealth creation platform.
“Investors today are more inclined to invest in companies or funds that aim to deliver high financial returns while creating a positive or social impact. Sustainable investing is actively integrated among asset owners. At Gripp we are environmentally friendly, Happy to create a portfolio of reliable and affordable properties that are fast growing and profitable in the long run.Chartered bikes are creating a sustainable and efficient mobility solution across the country and investors at Gripp can now own these e-bikes which will help reduce the carbon footprint in India,” said Nikhil Agarwal, Co-Founder and CEO, Gripp.
Chartered Bikes will use the money raised from this channel to buy and assemble the electric bike.
“The partnership will help Chartered Bikes accelerate its deployment rate across geographies, help the company scale better, and allow more users in the country to use a sustainable mode of last-mile commute,” Gripp said in an official statement. will use.”
Gripp offers non-market-linked alternative investment options, including asset-backed leasing, inventory financing, pre-lease commercial property, startup equity, and subscription-based financing to retail investors.
Commenting on the partnership, Sanyam Gandhi, Founder, Chartered Bikes said, “It has been our main and sole focus for a long time to give the customer a comfortable and premium transport experience. We currently have 4,000 bikes, 500 electric bikes and 450 stations across seven cities. As we expand our services to more cities in the country, partnering with Gripp will help us revolutionize last mile commute and strengthen our micro-mobility platform.”
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