Latest news with #underserved
Entrepreneur
26-05-2025
- Automotive
- Entrepreneur
Mufin Green Finance Raises USD 18 Mn to Expand EV Financing
Funds will be used to scale EV mobility financing and leasing solutions for the MSME sector. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mufin Green Finance, a leading non-banking financial company (NBFC) focused on sustainable mobility, has secured USD 18 million in debt funding from a US-based financial institution. The long-term 10-year loan includes an immediate disbursement of USD 10 million, with the remaining USD 8 million expected over the next 12 months. The funds will be strategically deployed to scale Mufin's financing and leasing solutions for electric two-, three-, and four-wheelers, alongside supporting EV-related infrastructure. A key focus will be on extending credit to micro, small, and medium enterprises (MSMEs), particularly in underserved and rural regions across India. "This funding is a major step forward for us," said Kapil Garg, Founder and Managing Director of Mufin Green. "It aligns perfectly with our mission to bridge the financing gap for electric vehicles in the MSME sector. With this capital, we can reach more underserved communities, provide better support, and strengthen the overall EV ecosystem." Founded in 2016 by Kapil Garg and Rajat Goyal, Mufin Green Finance is a subsidiary of Hindon Mercantile Limited and stands as India's first listed pure-play EV financing company. The company provides a comprehensive range of green financing solutions including loans for electric vehicles, charging infrastructure, and swappable battery systems. With operations in 14 states and over 150 cities, Mufin claims to have disbursed over INR 350 crores (approximately USD 42 million) in loans to support EV adoption and income generation. To date, it has disbursed over USD 175 million and manages a USD 100 million portfolio spanning 26 Indian states. Significantly, 84% of Mufin's retail borrowers had never previously accessed formal credit. By focusing on the MSME sector and promoting financial inclusion, Mufin is not only enabling greener transportation but also empowering communities and boosting local economies. With its enhanced financial position, Mufin Green is poised to accelerate the green transition and make electric mobility more accessible across India.
Zawya
23-05-2025
- Business
- Zawya
Bitget and Cryptita Plays Inspire Next Generation with Young Learners' Encyclopedia
Global – Bitget, the leading cryptocurrency exchange and Web3 company, has announced its collaboration with Cryptita Plays on the Young Learners' Encyclopedia, an illustrated book designed to introduce blockchain and crypto concepts to youths through engaging stories and visuals. The collaboration aligns perfectly with Bitget's Blockchain4Youth and Blockchain4Her, which aims to make blockchain education accessible to young people and underrepresented communities worldwide. The encyclopedia serves as a new channel to simplify complex topics and spark early curiosity in crypto in the next generation. Developed by Cryptita Plays, the Young Learners' Encyclopedia will break down key Web3 topics such as decentralization and NFTs in a manner that is both fun and digestible for young minds. The project is designed not only for children but also for educators looking to integrate future-facing content into their classrooms. As part of its outreach, the book will be distributed in underserved regions, starting with schools and community centers in the Philippines where access to blockchain education remains limited. Bitget's involvement reflects a broader strategy to encourage learning and innovation at the grassroots level. The encyclopedia will offer a hands-on, creative approach to education that supports early awareness and long-term participation in the digital economy. 'This book is more than just a creative educational tool. It is a bridge that connects the next generation to the world of Web3 through stories, illustrations, and imagination,' said Gracy Chen, CEO of Bitget. 'It speaks to the heart of what Blockchain4Youth and Blockchain4Her stands for — empowering the youth, and elevating the voices of the underrepresented who are driving real change in this space. The future of Web3 belongs to them and it begins here.'. Further details on the distribution of the Young Learners' Encyclopedia will be announced in due course, with a target launch by the end of 2025. Initial distribution will begin in the Philippines, with plans for global rollout to follow. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
