Mufin Green Finance, a non-banking financial company (NBFC) specialising in electric vehicle (EV) financing, has successfully raised Rs.1.40 billion in Series B funding. This funding round saw substantial support from family offices, indicating growing investor confidence in Mufin's business model and the EV financing sector.
The infusion of funds will enable Mufin to further expand its presence in the EV financing market and strengthen its offerings to cater to the increasing demand for electric vehicles in India. The company aims to leverage this capital to enhance its technology infrastructure, streamline operations, and scale up its lending portfolio. Mufin Green Finance plays a crucial role in facilitating the adoption of electric vehicles by providing accessible and affordable financing solutions to customers across the country. With the government's emphasis on promoting clean mobility and reducing carbon emissions, the EV financing sector presents significant growth opportunities.
Mufin's successful Series B funding round underscores its position as a key player in this burgeoning market and highlights the growing investor interest in sustainable finance initiatives. By continuing to innovate and expand its product offerings, Mufin Green Finance is poised to play a pivotal role in accelerating the transition towards electric mobility in India.
