1 crore for 2% equity at the valuation of Rs. 50 crores<\/td><\/tr>
Deal<\/strong><\/td>
50 lakhs for 10% equity at the valuation of Rs. 5 crores and 50 lakhs debt at 14% interest<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
About the Product<\/strong><\/p>\n\n\n\n
In Prorata, groups of 4 to 12 co-owners are formed within a 10 KM locality, ensuring convenience and accessibility for all participants. Individuals can purchase 1 to 3 tickets out of the 12 available, allowing them to partially own the car and enjoy its benefits. Through the Prorata app, users can seamlessly reserve dates for car usage, providing flexibility and control over their ownership experience. Co-owners join a trusted community of users, fostering a sense of reliability and security in the ownership process.<\/p>\n\n\n\n
Upon usage, co-owners receive a full tank car delivered to their doorstep, eliminating the hassle of refueling. The vehicles are newly purchased from the showroom, ensuring quality and reliability throughout the ownership period. At the end of the 5-year ownership term, co-owners receive their share of the car’s resale value, maximizing returns on their investment. With Prorata, there are no ongoing loans or EMIs, offering a one-time investment opportunity for individuals seeking car ownership without financial burdens. Prorata takes care of all service, maintenance, and insurance requirements for the vehicle, ensuring a hassle-free ownership experience for all co-owners.<\/p>\n\n\n\n