Mufin Green Secures $18M from US Development Finance Agency

Mufin Green has signed a deal with the United States International Development Finance Corporation to receive an $18 million loan. This funding will support Mufin Green's continued involvement in the electric vehicle ecosystem, with a focus on financing various components like vehicles, chargers, and batteries.

Mufin Green announced on Thursday that it has successfully secured an $18 million loan from the United States International Development Finance Corporation.

The agreement will help Mufin Green advance its onward lending business, according to a regulatory filing.

The Kolkata-based company specializes in financing within the electric vehicle ecosystem, covering two-wheelers, three-wheelers, four-wheelers, fast chargers, and swappable batteries. The deal was finalized with the US government's development finance arm on Wednesday.

(With inputs from agencies.)