Pune, 19th July 2023: LoanTap Financial Technologies Private Limited has joined forces with Mufin Green Finance Limited to accelerate the growth of electric two-wheeler financing in India. In a groundbreaking partnership, the two companies are set to reshape the nation’s electric vehicle (EV) landscape by offering attractive loan options to empower consumers and promote sustainable mobility.
As the demand for EVs continues to surge in India, LoanTap’s I-Loan platform has been a trailblazer in facilitating affordable financing for electric two-wheelers. Leveraging their expertise in flexible financial solutions, LoanTap has successfully funded the purchase of EVs, contributing to a cleaner and greener future.
Now, with the strategic collaboration between LoanTap and Mufin Green Finance, the potential for EV financing in India has reached new heights. Mufin, known for its innovative climate financing initiatives, will play a key role in developing the EV ecosystem by extending loans for electric vehicles, charging infrastructure, and swappable batteries.
This partnership is expected to have a transformative impact on the EV market, with projections suggesting a significant surge in electric two-wheeler sales. This highlights the growing interest and confidence in electric mobility among Indian consumers.
Commenting on the collaboration, Mr. Rajeev Das, CEO of I-Loan Credit Private Limited (LoanTap group), expressed his excitement, stating, “This partnership between LoanTap and Mufin signifies a major leap towards sustainable mobility and environmental well-being. By making funds more accessible, we can cater to a broader customer base and accelerate the adoption of electric vehicles in India, all while promoting financial inclusion.”
Mr. Kapil Garg, Managing Director of Mufin Green Finance Limited, shared his enthusiasm, stating, “We are delighted to partner with LoanTap in our mission to revolutionize electric mobility in India. Our aim is to provide affordable financing options that simplify EV loans for consumers. Through this alliance, we are confident in our ability to make EV financing simpler and more accessible to everyone.”
With LoanTap’s deep understanding of consumer finance and Mufin Green Finance’s commitment to sustainable initiatives, this collaboration is poised to reshape the EV financing landscape in India. By breaking down financial barriers and making electric two-wheelers more affordable, LoanTap and Mufin Green Finance are paving the way for a cleaner, greener, and more prosperous future for all.