Mufin raises $7 million in green bond from Symbiotics Investments
Electric vehicle financing firm Mufin said on Wednesday it has raised USD 7 million (around Rs 58 crore) in green bond from Symbiotics Investments.
With the issuance of this green bond, the company plans to strengthen its retail EV portfolio for two- and three-wheelers (mainly electric-rickshaw and electric three-wheeler vehicles) across the country, Mufin said in a statement on Wednesday.
The bond forms part of the USD 75-million green basket bond programme structured by Symbiotics Investments in partnership with British International Investment (BII).
Mufin said it has set a goal to initially connect with 5,000 consumers and then increase its reach to surpass 1,00,000 by expanding this partnership.
