Mufin Green Finance has successfully raised about ₹324 crore through a preferential equity funding round to strengthen its electric vehicle (EV) financing operations and expand its green lending portfolio. The company said the capital raise will support its long-term growth strategy in sustainable mobility financing.
As part of the fundraising, the company issued more than 2.49 crore equity shares at an issue price of ₹98 per share along with over 76 lakh warrants, which may be converted into equity shares in the future as per regulatory guidelines. This move is expected to improve the company’s financial strength.
The funding round attracted participation from institutional investors, high-net-worth individuals and promoter group entities. Key investors included SageOne, DS Group, Sandeep Kapadia and MMG Family Office, showing strong investor confidence in the company’s business model.
Following the fundraise, the company’s paid-up share capital increased from around ₹17.32 crore to about ₹19.82 crore. The company believes this capital infusion will enhance its lending capacity and allow it to scale its impact-focused financing products.
Mufin Green Finance plans to utilize the fresh funds to expand financing solutions across EV loans, insurance premium financing and other technology-driven financial products. The company is focusing on tapping the growing demand for sustainable financing solutions in India’s fast-growing EV sector.
Kapil Garg, Managing Director of the company, said the new investment will help accelerate growth and improve profitability through higher loan disbursements and better operational efficiency. The company remains optimistic about future growth supported by strong demand for green mobility financing.
