Mufin Green Finance Eyes Fresh Capital via Equity or Debt Route

Mufin Green Finance Ltd., a leading non-banking financial company (NBFC) focused on clean mobility and renewable energy, has announced plans to explore capital infusion through equity or debt instruments. The board is expected to deliberate on various fundraising options, including private placements and non-convertible debentures (NCDs), to fuel its lending operations and infrastructure expansion.

Earlier this year, Mufin Green successfully raised ₹500 million via private placement of NCDs with an 11% coupon rate, and an additional $6.5 million from Developing World Markets (DWM), a US-based impact investor. These funds were earmarked for scaling loans and leases for electric vehicles, battery financing, and solar projects.

Major takeaways:

• Company to consider raising funds via equity or debt securities  
• Board to evaluate private placements and NCDs  
• Previous fundraises include ₹500 million and $6.5 million from DWM  
• Capital aimed at expanding EV and clean energy financing  
• Strategic move to support long-term growth and sustainability goals  

Sources: Mercom India, Energetica India, YourStory