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Mufin Green Secures $18 Million from U.S. DFC to Power EV Financing for MSMES

GREEN WHEELS

June 02,2025 to June 08,2025

In a major boost to India’s sustainable mobility ecosystem, Delhi-based Mufin Green Finance has raised $18 million in debt funding from the United States International Development Finance Corporation (DFC). The strategic investment aims to accelerate electric vehicle (EV) financing and leasing for micro, small, and medium enterprises (MSMEs) across underserved and rural parts of the country.

The deal involves an immediate disbursement of $10 million, with the remaining $8 million to be released within the next year. Mufin plans to use the funds to scale its financing for electric two-, three-, and four-wheelers, as well as charging infrastructure and battery-swapping systems. Founded in 2016 by Kapil Garg, Mufin Green is India’s first listed NBFC focused solely on EV financing. The company operates across 26 states

Bu hikaye GREEN WHEELS dergisinin June 02,2025 to June 08,2025 baskısından alınmıştır.

Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.

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GREEN WHEELS

Ather Launches “Service Carnival 2025” with Free Health Checks and Festive Discounts

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October 13, 2025 to October 19, 2025

GREEN WHEELS

Suzuki to Showcase Vision e-Sky and e-VanVan at Japan Mobility Show 2025

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1 min

October 13, 2025 to October 19, 2025

GREEN WHEELS

Montra Electric Unveils Rhino 5538 EV 4x2 TT and Launches Automated Battery Plant

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1 min

October 06, 2025 to October 12, 2025

GREEN WHEELS

Pinnacle Industries Becomes Official Seating Partner for Indian Railways' Amrit Bharat Express

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1 min

September 29, 2025- October 05,2025

GREEN WHEELS

Hyundai Expands Creta EV Lineup with New Variants and Longer Range

Hyundai Motor India has strengthened its electric SUV portfolio by adding three new variants to the Creta Electric range—Excellence (42 kWh), Executive Tech (42 kWh), and Executive (O) (51.4 kWh).

1 min

September 15, 2025 to September 21,2025

GREEN WHEELS

Ashok Leyland to Invest ₹5,000 Crore in Battery Ecosystem with CALB Partnership

Chennai-based commercial vehicle major Ashok Leyland has announced a ₹5,000 crore investment over the next 7-10 years to build a localized battery ecosystem in India.

1 min

September 08, 2025 to September 14, 2025

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Maruti Suzuki Rolls Out First e-Vitara EV from Gujarat Plant, Targets Global Market

Maruti Suzuki marked a major milestone in India’s electric mobility journey on Tuesday with the rollout of its first battery-electric vehicle, the e-Vitara, from the Hansalpur plant in Gujarat.

1 min

September 01, 2025 to September 07, 2025

GREEN WHEELS

EKA Mobility Signs MoU with Shriram Green Finance to Accelerate Adoption of Electric Commercial Vehicles in India

EKA Mobility, a leading electric vehicle and technology company, announced the signing of a Memorandum of Understanding (MoU) with Shriram Green Finance Limited, a 100% subsidiary of Shriram Finance Ltd., to provide easy financing solutions for electric commercial vehicles.

1 min

September 01, 2025 to September 07, 2025

GREEN WHEELS

Astronomers Detect Candidate for Largest Known Black Hole

Astronomers have identified what may be the most massive black hole ever observed, lurking in the heart of the Cosmic Horseshoe galaxy about five billion light-years from Earth.

1 min

August 18,2025 to August 24, 2025

GREEN WHEELS

Veteran Journalist K.B. Ganapathy, a Guiding Light, Departs at 85

Mysuru's journalistic landscape dims with the passing of veteran journalist Dr. K.B. Ganapathy, who, at 85, succumbed to a sudden heart attack earlier on Sunday (Jul 13).

1 min

July 21, 2025 to July 27, 2025