Mufin secures INR 140 crore in Series B equity and INR 530 crore in debt funding

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Mufin Green Finance, an NBFC focused on Green financing, has secured INR 140 crore in Series B equity funding and an additional INR 530 crore in debt. The equity funding was facilitated by support from family offices, while the debt was sourced from more than 30 lenders, including State Bank of India (Government Bank), IREDA (Financial Institution for Renewable Energy), Symbiotics (Global Impact fund, started a partnership in the form of Green Bonds with Mufin Green), Northern Arc, AU Small Finance Bank, ICICI Bank, Kotak Mahindra Investments, and various other NBFCs and private banks.

The diverse pool of investors and lenders underscores the recognition of Mufin’s role in sustainable finance and clean mobility solutions, said a company statement. This financial boost positions Mufin to advance efforts in offering accessible and eco-friendly financing solutions. The company anticipates collaboration with these partners, aiming to leverage their expertise for progress in the sustainable finance sector. Also, Mufin expresses gratitude by acknowledging the significant contributions of dedicated employees for their hard work and commitment.

Also read: Mufin Green acquires 20% stake in Li-ion battery leasing player UrjaMobility