New Delhi: The private sector patient logistics and emergency medical response company, StanPlus, is collaborating with Grip Invest, a platform that offers investment opportunities in physical assets leased to corporates.
StanPlus will begin the partnership with 10 Red Ambulances and eventually expand to 100 across 30 cities in India. StanPlus will be investing INR 2.5 crore for the 10 ambulances which will grow to INR 27crore to INR 28 crore for 100, the company said in a media release.
What makes this partnership unique is that Grip Invest will allow people to invest in its leasing model starting with INR 50,000 and diversify their investment portfolio earning 17% IRR, and help build the nation’s ambulance network during this challenging period.
Prabhdeep Singh, founder and CEO, StanPlus, said, “A lot of people have reached out to us in the past to ask how they can help us in our mission to improve medical transportation services in India. Grip Invest offers them the perfect opportunity to do so while receiving significant returns on their investment. We will give monthly returns to the tune of 17% to Grip’s investors while being able to put more ambulances on Indian roads. This, I believe, was the need of the hour, and I am grateful for Grip Invest for this much-needed collaboration.”
Nikhil Aggarwal, founder & CEO, Grip Invest, said, “Leveraging the power of crowdfunding in order to put more life-saving ambulances on our roads is a noble and innovative idea. We are honoured to make this a reality for a company as dedicated to public welfare as StanPlus. Through our collaboration, we will be unlocking a chance to do good while earning substantial returns to our investors. We are looking forward to the positive outcomes from this initiative.”