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Current company Mufin Green Finance
Financial Services · 265 employees · Founded 2016 · Pitam Pura New Delhi, Delhi, India
Mufin Green Finance is India\'s first listed NBFC with a 100% focus on EV financing. With a capital base of 250 Cr and a disbursement history of 800Cr and EV vehicles, we have financed EV assets worth more than 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 EV 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, with other 35+ lenders on board. 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 800 crores towards electric vehicles, making a tangible difference to the health of our planet. Our aim is to grow 2X in this financial year and reach a benchmark of 1100 Cr AUM by adding more financing products like Solar Financing to our portfolio over the next 12 months.