TapFin has launched GoGreen Capital aimed at supporting India’s clean energy mobility ecosystem through targeted lending and innovative financing. It will focus on financing businesses in sectors such as electric mobility, battery circularity and solar energy, helping startups, MSMEs, OEMs, EPC firms and fleet operators secure capital to grow in line with India’s green transition. With access to funding long seen as a major obstacle in adopting clean technology, this move addresses a critical gap but also sets high expectations in terms of delivery.
The NBFC will draw on the TapFin Hub, the company’s proprietary digital platform, to enable contextual credit assessments and data-driven underwriting. The platform monitors assets in real time using AI-based models, providing insights such as vehicle usage trends and battery health to build more informed and flexible lending strategies. GoGreen’s offerings are expected to cater to businesses across Tier 2 and Tier 3 cities as well, where access to green financing remains limited despite growing market potential.
GoGreen Capital’s creation aligns with policy directions outlined in the 2025 Union Budget, which emphasised the role of NBFCs in financial inclusion and extended schemes like the Credit Guarantee Scheme for MSMEs. By integrating government priorities with private sector expertise, TapFin hopes to accelerate the adoption of electric vehicles and renewable technologies in India. According to Aditya Singh, TapFin’s CEO, the new NBFC is designed to bridge the financing gap that slows sustainable growth, combining data intelligence with financial access to support businesses aiming to reduce their carbon footprint.
Pramod Marar, MD and CEO, GoGreen Capital, noted that GoGreen would offer flexible lending frameworks that account for the specific business realities of the sectors involved. This includes taking into account supply chain limitations, high upfront capital costs, and non-linear revenue cycles typical in early-stage EV and solar projects. The initiative is positioned as a response to both market demand and regulatory encouragement, although its success will depend on execution across multiple fronts.