Mufin Green Secures 5 Million in Funding to Drive Expansion and Innovation in EV Financing Industry

Mufin Green Finance is excited to announce a successful funding round, in which we have raised ₹5 crore to further bolster our operations as India’s first listed non-banking financial company (NBFC) focused exclusively on electric vehicle (EV) financing. With a robust capital base of ₹250 crore and a remarkable disbursement history of ₹800 crore, our commitment to sustainability has allowed us to finance EV assets exceeding ₹1,000 crore in recent years. Holding a notable market share of 7-8% across 14 states in India, we are proud to be one of the leading providers of EV financing in the country. The recent funding will play a pivotal role in our strategic plan to enhance our financing solutions, allowing us to cater more effectively to the growing demands of the EV segment. This financial boost aligns with our vision to revolutionize the Indian EV industry, as we aim to double our growth in the current financial year, targeting an impressive asset under management (AUM) of ₹1,100 crore. Furthermore, plans to diversify our portfolio by incorporating Solar Financing products are already underway, which will deepen our impact on the environment and financial inclusion. Supported by reputable partners such as the State Bank of India, IREDA, and the Incofin India Progress Fund, we are committed to driving a positive social, environmental, and financial impact. The backing of the Shell Foundation enhances our dedication to delivering sustainable solutions, ensuring that we contribute actively to a healthier planet. Together, we are paving the way toward a cleaner, greener, and wealthier tomorrow for all.