Mufin Green Finance

• 31/07/2023
• Unknown
• $1,000,000

Mufin Green Finance is India's first listed NBFC with a 100% focus on EV financing. With a capital base of 150 Cr and a disbursement history of 250Cr and EV vehicles, we have financed EV assets worth more than 300Cr over the last couple of years. Our commitment to sustainability and financial inclusion has helped us become one of the leading EV finance providers in the country. We hold a 7-8% market share of Erickshaw financing in our operating territory, spread across 14 states.

As an impact-driven company, we are backed by Incofin India Progress Fund, a Belgium-based impact investor, as equity partners. Our debt partners include State Bank of India (India's No. 1 government bank), IREDA (India's most trusted financial institution for renewable energy) and Symbiotics (a global impact fund) that has started a partnership in the form of green bonds with Mufin Green.

Our vision is to make the world a healthier and wealthier place for all. We are all about making a positive and lasting social, environmental, and financial impact. We have received technical assistance from Shell Foundation, a leading organization in sustainable solutions. This validates our commitment to creating a positive impact in a clean and greener way.

Our goal is to revolutionize the EV industry in India by offering customized financing solutions to meet the needs of the EV segment. We have already disbursed more than INR 300 crores towards electric vehicles, making a tangible difference to the health of our planet. Our aim is to grow 7X-8X in this financial year and reach a benchmark of 750-800Cr AUM by adding more financing products like 2-wheelers, 3-wheel autos, 4-wheelers, electric trucks, and charging infrastructure to our portfolio over the next 12 months.

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