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Mufin Green Finance Ltd.

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Mufin Green Finance Raises USD 6.5 Million to Accelerate EV and Clean Energy Financing in India
… Gunjan Jain, Chief Financial Officer at Mufin Green Finance , states, “This … engineer product-specific, inclusive financial solutions that accelerate the shift … added, “Mufin Green Finance demonstrates that combining financial inclusion with e-mobility …
cityfalcon.com·2mo ago
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FY25: Mufin Green Finance Reports 20% Surge In Profit
Mufin Green Finance , a non-banking financial company (NBFC) specializing … and profitability for the financial year ended March 31, … mobility and energy lending. Financial Performance (FY25 vs FY24) … With India’s green finance landscape rapidly evolving, Mufin …
cityfalcon.com·3mo ago
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Mufin Green Finance Raises USD 18 Million in Debt Funding to Expand EV Financing
Mufin Green Finance has secured USD 18 million … Finance Ltd., a publicly listed Indian non-deposit-taking, non-banking financial … .” With this funding and improved financial standing, Mufin Green is well …
cityfalcon.com·3mo ago
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Vidyut raises $2.5 Mn to expand battery-as-a-service financing biz
Full-stack electric vehicle ecosystem platform Vidyut has raised $2.5 million in funding from global fintech investor Flourish Ventures. To date, Vidyut has raised over $16.5 million from 3one4 Capital, Credit Saison, Flourish Ventures, Zephyr Peacock, Lighthouse Canton, and other prominent investors. The firm concluded its $10 million Series A round in February last year. The funding will fuel the expansion of Vidyut's battery-as-a-service (BaaS) offerings in both passenger and commercial EV segments. This investment reinforces Vidyut's mission to accelerate India's clean energy transition by making EV ownership accessible and affordable for SMBs, the company said in a press release. Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut revolutionized commercial EV financing. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut reduced upfront three-wheeler (3W) EV costs by 35-40%, making them significantly cheaper than ICE vehicles from day one.
cityfalcon.com·6mo ago

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