Mars Growth, a Liquidity Group and MUFG joint venture fund, provides $6 million in growth credit for InfraPrime Logistics, an India-based startup working to slash the cost of infrastructure development through use of heavy-duty electric trucks, data-driven fleet management and through its platform to match potential customers and fleet operators directly. The term sheet was provided in typical Liquidity Groups record breaking speed, 24 hour due diligence utilizing the Liquidity Analysis platform. The transaction brings Liquidity Groups deployment to companies to over $750 million, targeting $1 billion by year end 2021.
Mars Growth is excited about InfraPrime Logistics’ journey and their growth trajectory during this exciting time in the logistics sector. Their technology leads the way with their advanced ability to bring efficiencies to this critical industry. Mars Growth is committed to supporting high growth companies with scalable funding that helps them continue to create value and efficiencies in the market. InfraPrime, using real-time analytics to increase vehicle utilization and minimize suppliers courting multiple orders, leads to improved convenience and transparency of assets in the field.
“This transaction reflects our strategy of moving at light speed to provide the growth funding companies need to expand and make an impact on the world,” said Ron Daniel, CEO and co-founder of Liquidity Group. “Our machine learning due diligence system enabled us to deploy funding in support of InfraPrime Logistics’ rapid growth.”
India-based InfraPrime Logistics is a developer of heavy-duty electric trucks for logistics. It provides the lowest carbon emission electric commercial vehicles, trucks and tractor-trailers for mines, ports, infrastructure development, construction and goods transportation with more than 5,000 fleet operators across multiple regions in India.
“InfraPrime Logistics is a pioneering company focused on increasing efficiency and reducing emissions with electric vehicles and data-driven solutions,” said Yaron Primovich, Managing Director of Mars Growth. “We are very pleased to be partnering with InfraPrime Logistics and working with their great team.”
“The Mars team not only provided us a great financial alternative to enable accelerated growth but also validated our plans and ambitions through their ‘Liquidity Analysis’ platform,” said InfraPrime Logistics CEO and co-founder Subodh Yadav. “From the initial discussion, the entire process was effortless and took only a few days before they presented us with a term sheet. Their financing is a great option for us in fueling our growth without diluting our shareholding. At InfraPrime Logistics, we are halving the cost of infrastructure development through electric vehicles and data-driven fleet management.”
About Liquidity Group:
Founded in 2018, the Liquidity Group is a global capital market credit automation company and fund manager providing growth capital through funds focused on the US, Asia, Europe and the Middle East. Liquidity Group’s subsidiary fund, Singapore-based Mars Growth Capital, and its partner MUFG [MUFG:NYSE] jointly handle the company’s South East Asia activity. It combines real-time data with proprietary machine learning technology to offer tailored financing that matches a company’s future growth. Liquidity Group operates three main divisions: Analysis, Capital, and Market Syndication, which together provide global lenders a complete cycle of scaled and quick credit deployment. https://www.liquiditygroup.com
About InfraPrime Logistics:
InfraPrime Logistics is a startup founded in 2017 with a mission of revolutionizing the construction logistics industry by transforming the way drivers fulfill orders and by replacing diesel trucks with electric trucks. In addition to establishing a network of electric truck charging stations on and around the Delhi-Jaipur highway, the company pioneered industry firsts including just-in-time delivery of construction materials, deployment of electric trucks, and roll-out of a driver app that minimizes miscommunication and delay. https://www.infraprimelogistics.com
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