Mufin Green Finance, a non-banking financial company (NBFC) focused on electric mobility and clean energy financing, has successfully raised ₹50 crore via its first-ever listed Non-Convertible Debenture (NCD) issue on the EBP Platform of BSE.
Fundraise Details
The NCDs were issued with the following features:
- Coupon Rate: 11%
- Maturity Period: 15 months
- Platform: BSE’s Electronic Bidding Platform (EBP)
The company highlighted that this move helps diversify its funding channels and strengthens its lending capacity through access to listed instruments.
Allocation of Proceeds
Mufin Green Finance has outlined a balanced deployment strategy:
- 90% Allocation: Towards financing medical premiums, one of the company’s fastest-growing consumer financing products.
- 10% Allocation: Directed towards EV loans, battery financing, and solar panel installations for individuals and small businesses.
This allocation ensures a synergy between consumer finance and sustainable energy adoption.
Driving Sustainable Growth
Commenting on the development, Kapil Garg, Managing Director of Mufin Green Finance, said:
“With this ₹50 crore raise, we are aiming not just at expanding lending volumes, but also at creating a balance between consumer finance and sustainable energy adoption. Our objective is to bridge these financing gaps with practical, accessible, and impact-driven solutions.”
Expanding Impact in Green Finance
The company emphasized that this NCD issue marks an important milestone in its journey, enabling it to scale both consumer lending and clean energy financing. With India’s growing demand for EVs, renewable energy solutions, and accessible finance products, Mufin Green Finance aims to play a pivotal role in empowering individuals and small businesses while promoting sustainable development.
