Mufin Green Finance, India's pioneering listed Non-Banking Financial Company (NBFC) dedicated entirely to electric vehicle (EV) financing, has successfully raised ₹18 crore to further bolster its mission of sustainable growth and financial inclusion. With a strong capital base of ₹250 crore and an impressive disbursement history exceeding ₹800 crore, Mufin Green has established itself as a crucial player in the EV financing sector, holding a notable 7-8% market share across 14 states. This funding round marks a significant milestone in Mufin Green's growth trajectory, enabling the company to enhance its innovative financing products tailored for the burgeoning EV market. Backed by prominent equity and debt partners—including the Incofin India Progress Fund, State Bank of India, IREDA, and Symbiotics—Mufin Green is well-positioned to leverage its existing collaborations, including green bonds, to drive impactful change. With a vision to create a healthier and wealthier world, Mufin Green is on the path to revolutionize the EV ecosystem in India, projecting ambitious growth by aiming to double its assets under management (AUM) to ₹1,100 crore while diversifying its portfolio to incorporate solar financing solutions. Coupled with technical assistance from the Shell Foundation, Mufin Green's commitment to sustainable financial solutions promises not just to transform the transportation landscape but also foster a cleaner environment. This funding will play a pivotal role in furthering Mufin Green’s mission to empower individuals and communities through sustainable financing, demonstrating its unwavering resolve to pave the way for a greener future in India.
Revolutionizing EV Financing: Mufin Green Finance Secures 18 Crores in Funding for Sustainable Growth
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