Mufin Green Finance partners with IREDA to drive EV penetration in India

Mufin Green Finance Limited has partnered with Indian Renewable Energy Development Agency (IREDA) to strengthen its retail electric vehicle (EV) portfolio for two and three-wheelers (mainly e-rickshaw and e-auto vehicles) pan India.

Muffin Green Finance intends to reach 5,000 consumers to start with, and eventually reach more than 100,000 consumers through this partnership. A major highlight of this initiative is the reduction in borrowing costs for end-consumers by 40 per cent. The company intends to expand to all parts of India by December 2023 and also plans to venture into other green financing products, such as solar panel financing, by 2023.