Kriscore Capital Backs RoamPrime's Refurbished Bike Tech Platform

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AuthorIshaan Verma|Published at:
Kriscore Capital Backs RoamPrime's Refurbished Bike Tech Platform
Overview

Kriscore Capital has invested in RoamPrime Technologies Private Limited, acquiring compulsorily convertible preference shares. RoamPrime runs a tech platform for refurbished two-wheelers, showing investor interest in vehicle circular economy solutions. BEGUR & PARTNERS provided legal advice for Kriscore Capital.

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Deal Structure: Convertible Preference Shares

Kriscore Capital's investment was made through compulsorily convertible preference shares (CCPS). These shares can later be converted into equity, typically signaling an investor's focus on long-term value and potential future ownership.

RoamPrime's Platform: Refurbished Two-Wheelers

RoamPrime Technologies runs a tech platform focused on refurbishing and reselling two-wheelers. This business taps into the growing market for pre-owned vehicles and the circular economy, offering consumers a more sustainable and affordable transport option.

Legal Support for Kriscore Capital

BEGUR & PARTNERS, including Rajesh Begur, Divya Bharti, and Arya Choudhary, provided legal advice to Kriscore Capital for this transaction. This investment aligns with a wider trend of venture capital firms exploring opportunities in sustainable and cost-effective transport solutions.

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