SIDBI has sanctioned financial aid for Mufin Green in the form of a term loan with a maximum limit of INR 10 crore.
Mufin Green Finance has consequently become an authorised partner of SIDBI to promote EV financing among industry stakeholders including fleet operators, aggregators etc and develop the MSME sector.
As mandated by SIDBI, Mufin has established points of sales in various cities to expand its reach and increase accessibility to EV financing options across regions.
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Kapil Garg, Founder, Mufin Green Finance, said, “With this accreditation, Mufin is well-positioned to offer competitive financing options to individuals and businesses venturing into the electric vehicle sector.”
Dr. RK Singh, CGM, SIDBI added that the partnership with Mufin Green was aligned with India’s commitment to achieving zero net emissions by 2050.