Mufin Green Finance Limited has raised Rs 324 crore in an equity funding round from several investors as the company looks to expand financing for electric vehicles and sustainable mobility solutions in India.
The funding round saw participation from MMG Family Office, SageOne Investment Managers, investor Sandeep Kapadia and the DS Group. The capital infusion is expected to strengthen the company’s financial position as it continues to support India’s rapidly growing electric mobility ecosystem.
Promoter Hindon Mercantile Limited also participated in the round by subscribing to warrants that are convertible into equity shares, signalling continued promoter confidence in the company’s long-term growth strategy.
According to the company, the newly raised capital will be used to expand its lending portfolio, particularly in the electric vehicle segment and other clean mobility solutions.
With EV adoption accelerating across India, financing institutions are playing an increasingly important role in enabling fleet operators, logistics companies and small businesses to transition toward electric mobility.
Mufin Green Finance focuses on providing financing solutions for electric vehicles, helping businesses and individuals access funding required to adopt sustainable transportation alternatives.
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