VC Fund Investments
Cleantech-focused financier Metafin attracts $5-M from Prime VP, Varanium Capital
Metafin , a Gurugram-based cleantech-focused NBFC, has attracted USD 5 million in equity funding from Prime Venture Partners and Varanium Capital. The startup plans to use the funds to expand across states, increase loan book, improve technology and IoT (Internet-of-Things) stack, and hire talent.Founded in 2019 by Sandeep Chopra and Aditya Shah, Metafin offers solar power to businesses and homeowners through its network of lending and installer partners.The firm claims to have financed over 1,000 cleantech installations in UP and Bihar, 90% of which are off-grid, reducing CO2 emissions by 147 million Kgs.The company has been supported by IFC, 9Unicorns, Unitus Capital, Harvard i-Labs, Venture Catalysts, and Smart Power India.
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