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TapFin launched GoGreen Capital, an NBFC to finance sustainability-focused businesses, offering customized loans for clean mobility, solar, and battery sectors.
News18
TapFin, an integrated tech-enabled sustainability platform, has launched GoGreen Capital, a Non-Banking Financial Company (NBFC). This new venture is a wholly-owned subsidiary of TapFin.
GoGreen Capital aims to provide access to financing for businesses in sustainability. It offers customized lending solutions tailored to the unique needs of businesses in clean mobility, solar, and battery circulatory sectors. These solutions will help startups, MSMEs, OEMs, EPCs, fleet operators, and commercial enterprises secure the capital needed to advance their sustainability initiatives.
The new NBFC will leverage TapFin’s expertise and partnerships within the sustainability ecosystem. It will utilize the ‘TapFin Hub’ – TapFin’s proprietary platform – to enhance go-to-market strategies through OEM and supplier whitelisting, real-time asset management, advanced AI-based monitoring, portfolio valuation, and disposal monetization. The platform also provides advisory, financing, battery and vehicle management, marketplace, and analytics services to expedite the transition to green energy.
Pramod Marar, MD & CEO of GoGreen Capital, highlighted the challenge of accessing affordable capital for clean technologies. He emphasized the NBFC’s role in providing customized financing solutions for EV fleet operators, MSMEs, OEMs, and sustainability-driven enterprises. By offering flexible lending models, GoGreen Capital aims to empower businesses with the financial support needed to scale effectively and advance India’s green economy.
GoGreen Capital will provide commercial asset loans, business loans, and leasing solutions tailored to the clean mobility, battery, and solar ecosystems. Its products consider unique business models, cost structures, and supply chain dynamics to ensure sustainability-driven enterprises receive customized financing.
The NBFC will use TapFin’s platform for data-driven underwriting and contextual credit assessments based on non-traditional insights like vehicle usage patterns, battery analytics, ecosystem partnerships, and fleet operations.
