Debt financing
EV-focused NBFC Mufin Green Finance raises Rs.140-Cr
New Delhi-headquartered Mufin Green Finance , a publicly-listed electric vehicle financing non-banking financial company (NBFC) has raised INR 140 crore in equity and debt funding. The debt was raised from financial institutions including State Bank of India, IREDA, AU Small Finance Bank, ICICI Bank, and Kotak Mahindra while equity investment had substantial support from family offices, the company said without disclosing the names of family offices.The fresh capital will be used to accelerate Mufin’s growth and scale business operations in the down west region of the country.Mufin Green has a presence in 16 states, offering financing options for EVs across two, three, and four-wheelers.
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