EV financing platform Finayo secures Rs 16 crore funding
EV finance and asset management platform Finayo on Monday said it has secured Rs 16 crore in funding from investors, including NBFCs F Mec and CFPl, as well as HNIs and angel investors. The funding aims to fuel technological advancements and extend the platform's presence across India, said Finayo.
F Mec International Financial Services Ltd and Choice Finserv Pvt Ltd are RBI-registered NBFCs, providing funding to progressive businesses, according to the platform.
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«We want to utilise this funding to invest in technologies and expand our footprint across India while accelerating an inclusive network of EV financing,» said Brajendra Singh Tomar, co-founder and CEO of Finayo.
Finayo said it plans to escalate its business operations, boosting EV growth in all remote corners of the country, it said.
