Key Details of Agreement
- Parties Involved: Cubical Financial Services Limited (NBFC registered with RBI) and Consider Done EV Mobility LLP
- Execution Date: November 12, 2026
- Location of Execution: New Delhi
- Registered Office of Cubical: 456, Aggarwal Metro Heights, Netaji Subhash Place, Pitampura, North Delhi, Delhi, India, 110034
- Registered Office of Counterparty: 14A/15, Upper Ground Floor, East Patel Nagar, Delhi – 110008
Purpose of Agreement
Financing of electric rickshaws (E-rickshaws) sold through Consider Done EV Mobility LLP's dealer and distributor network. The agreement aims to facilitate retail financing for consumers intending to purchase electric vehicles manufactured by Consider Done to promote sales and improve affordability.
Significant Terms
- The MoU does not specify any monetary consideration or financial commitment at this stage
- Does not create any partnership, joint venture, agency, or equity relationship
- Not a related party transaction
- The MoU shall remain effective from the effective date and may be terminated by either party by giving at least three months' prior written notice
Counterparty Profile
Consider Done EV Mobility LLP is engaged in the business of manufacturing and selling electric vehicles (EVs).
Financial Impact
- No immediate material financial impact on the Company
- The MoU is a non-binding framework agreement
- Does not involve any acquisition, disposal of assets, equity participation, or financial commitment