Mufin Green Finance logo

Mufin Green Finance

Mufin Green Finance is India's first listed NBFC with a 100% focus on EV financing. With a capital base of 250 Cr and a disbursement history of 800Cr and EV vehicles, we have financed EV assets worth more than 1000Cr over the last couple of years. Our commitment to sustainability and financial inclusion has helped us become one of the leading EV finance providers in the country. We hold a 7-8% market share of EV financing in our operating territory, spread across 14 states. As an impact-driven company, we are backed by Incofin India Progress Fund, a Belgium-based impact investor, as equity partners. Our debt partners include State Bank of India (India's No. 1 government bank), IREDA (India's most trusted financial institution for renewable energy) and Symbiotics (a global impact fund) that has started a partnership in the form of green bonds with Mufin Green, with other 35+ lenders on board. Our vision is to make the world a healthier and wealthier place for all. We are all about making a positive and lasting social, environmental, and financial impact. We have received technical assistance from Shell Foundation, a leading organization in sustainable solutions. This validates our commitment to creating a positive impact in a clean and greener way. Our goal is to revolutionize the EV industry in India by offering customized financing solutions to meet the needs of the EV segment. We have already disbursed more than INR 800 crores towards electric vehicles, making a tangible difference to the health of our planet. Our aim is to grow 2X in this financial year and reach a benchmark of 1100 Cr AUM by adding more financing products like Solar Financing to our portfolio over the next 12 months.

Mufin Green Finance logo

Mufin Green Finance

The company provides financial services for climate-sustainable products, focusing on electric vehicle (EV) financing for underserved segments in semi-urban and rural areas.

Company Size

201-500 employees

Location

India

About

Mufin Green Finance is India's first listed NBFC with a 100% focus on EV financing. With a capital base of 250 Cr and a disbursement history of 800Cr and EV vehicles, we have financed EV assets worth more than 1000Cr over the last couple of years. Our commitment to sustainability and financial inclusion has helped us become one of the leading EV finance providers in the country. We hold a 7-8% market share of EV financing in our operating territory, spread across 14 states. As an impact-driven company, we are backed by Incofin India Progress Fund, a Belgium-based impact investor, as equity partners. Our debt partners include State Bank of India (India's No. 1 government bank), IREDA (India's most trusted financial institution for renewable energy) and Symbiotics (a global impact fund) that has started a partnership in the form of green bonds with Mufin Green, with other 35+ lenders on board. Our vision is to make the world a healthier and wealthier place for all. We are all about making a positive and lasting social, environmental, and financial impact. We have received technical assistance from Shell Foundation, a leading organization in sustainable solutions. This validates our commitment to creating a positive impact in a clean and greener way. Our goal is to revolutionize the EV industry in India by offering customized financing solutions to meet the needs of the EV segment. We have already disbursed more than INR 800 crores towards electric vehicles, making a tangible difference to the health of our planet. Our aim is to grow 2X in this financial year and reach a benchmark of 1100 Cr AUM by adding more financing products like Solar Financing to our portfolio over the next 12 months.

Needs Assessment

Active buying signals and potential business opportunities

Technology Requirements

Digital platforms for loan management and processing

Real-time credit check systems

Centralized credit underwriting platform

Integration with OEM and dealer systems

Service Requirements

Loan servicing and support for EV customers

Financial services for purchasing EVs and related infrastructure

Infrastructure Requirements

EV charging infrastructure

Battery swapping stations

Scalable cloud infrastructure to support digital platforms

Security and compliance solutions for financial data

Talent Requirements

Professionals with expertise in digital lending platforms

Credit risk assessment specialists

Sales and collection team members

Experts in EV technology and infrastructure

AI Insights

Growth Trajectory

The company shows strong growth potential, indicated by its expansion across 9 states, financing of over 80Cr worth of EV vehicles, and focus on environmental and social development, particularly within the EV financing sector.

Market Opportunity

The company has a significant market opportunity in providing climate-sustainable financing solutions to underserved segments in the EV market, capitalizing on the growing demand for EVs and charging infrastructure in semi-urban and rural areas.

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