Cleantech NBFC AMU records three-fold revenue growth, plans to raise Rs 400 crore to fund 1 lakh Electric Vehicles by FY25-26
In the previous Financial Year, the cleantech financing platform reported a revenue of Rs 20 crore and raised Rs 97 crore to support over 200 MSME partnerships, comprising individual drivers, fleet owners, logistics companies, and battery leasing initiatives. With fresh revenue and funding, the NBFC aims to expand its portfolio and increase AUM.
AMU also said that it plans to expand its presence in new regions like Assam, Bihar, Jharkhand, and Madhya Pradesh to achieve its target revenue of Rs 75 crores in FY24-25. (Representational image/Freepik)