Solfin, a renewable vitality financing platform with its personal NBFC, has disbursed over ₹100 crore in photo voltaic loans inside 9 months of operations, the corporate introduced at this time. The achievement follows a strategic ₹100 crore funding from Waaree Sustainable Finance Pvt Ltd, a part of the Waaree Group.
The tech-driven financing platform presents on-line approvals and sooner disbursements for residential rooftop installations, housing societies, and industrial and industrial initiatives via its digital lending platform at solfin.co.in.
“Reaching ₹100 crore in disbursements in such a short while is a testomony to the market’s rising demand for dependable photo voltaic financing,” mentioned Gautam Kaushik, Co-founder of Solfin.
The corporate, which started operations in August 2024 after receiving RBI approval, is at present in early discussions with enterprise and institutional companions centered on local weather tech, fintech, and sustainable infrastructure. These funds will assist growth into new geographies and the event of further inexperienced financing merchandise, together with electrical automobiles and battery vitality storage methods.
India’s photo voltaic sector has seen vital progress, with put in capability reaching 97.9 GW in 2024, together with 24.5 GW added final 12 months. The nation goals to attain 500 GW of non-fossil gasoline capability by 2030.
Solfin was based by Gautam Kaushik and Pramod Mahanta as a distributed inexperienced asset supply and financing platform particularly centered on sustainable infrastructure.
Printed on Might 15, 2025
