by New Delhi, July 26, 2023 — Mufin Green Finance, an Indian EV financing platform, has raised $1 million from the Shell Foundation. The investment will be used to expand Mufin’s reach and to develop new products and services.
Mufin Green Finance was founded in 2016 by Kapil Garg. The company provides financing solutions to electric vehicle (EV) buyers. Mufin’s platform allows buyers to lease or finance EVs with low down payments and affordable monthly payments.
The Shell Foundation is a non-profit organization that invests in sustainable energy solutions. The foundation’s investment in Mufin Green Finance is a sign of the growing interest in EVs and the potential of the EV market in India.
“We are excited to partner with Mufin Green Finance to help accelerate the adoption of EVs in India,” said Gaurav Gupta, Head of India at the Shell Foundation. “Mufin’s platform is a valuable resource for EV buyers, and we believe that the company has the potential to make a significant impact on the Indian market.”
“We are grateful for the investment from the Shell Foundation,” said Kapil Garg, CEO of Mufin Green Finance. “This investment will allow us to expand our reach and to develop new products and services that will make it easier for people to buy EVs in India.”
The investment from the Shell Foundation is a significant boost for Mufin Green Finance. The company is now well-positioned to expand its reach and to make a significant impact on the Indian EV market.
Here are some of the benefits that Mufin Green Finance offers to EV buyers:
- Low down payments: Mufin Green Finance offers low down payments for EVs, making them more affordable for buyers.
- Affordable monthly payments: Mufin Green Finance’s monthly payments are affordable, making it easier for buyers to finance their EVs.
- Flexible repayment terms: Mufin Green Finance offers flexible repayment terms, so buyers can choose a repayment plan that fits their budget.
- Easy application process: Mufin Green Finance’s application process is easy, so buyers can get approved for financing quickly.
Mufin Green Finance is a valuable resource for EV buyers in India. The company’s low down payments, affordable monthly payments, and flexible repayment terms make it easier for people to buy EVs. The investment from the Shell Foundation will help Mufin Green Finance expand its reach and to develop new products and services that will make it even easier for people to buy EVs in India.
