EV finance firm Mufin Green raises $5.7 million in funding

Electric vehicle financing company Mufin Green Finance has secured $5.7 million in a Series A funding round led by Incofin India Progress Fund. In August this year, Mufin Group renamed its subsidiary APM Finvest to Mufin Green Finance Limited. The newly-listed non-banking finance company claims to have financed electric vehicles worth more than $19 million (₹160 crore) across nine states.