Social VC Investments
Mufin Green Finance raises $6.5 M from DWM for EV and clean energy lending
Delhi-based Mufin Green Finance , a non-bank lender focused on clean mobility and energy, has raised USD 6.5 million from Developing World Markets (DWM) through a private placement of secured non-convertible debentures (NCDs). The capital was raised in two tranches through secured, unlisted NCDs with a 36-month maturity.The proceeds will be deployed to scale loans and leases for productive-use EVs, battery financing, charging infrastructure, and residential and commercial solar projects. The company aims to widen access to clean mobility and energy solutions across underserved Tier II and III markets.
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