Alternative investment firm Eversource Capital, which manages the climate-focused Green Growth Equity Fund, has tapped one of its limited partners to raise funding for its ..
With this infusion, Ecofy plans to grow its loan book, diversify its product base and eventually improve its own credit rating, the company said in a release on Wednesday. An improved credit rating helps lenders access debt at cheaper rates.
Montra Electric: This collaboration marks a significant milestone in the journey toward a sustainable future for the transportation sector as EV passenger vehicles recorded a 58 per cent growth, cargo vehicles registered 114 per cent year-on-year.
Montra Electric, the electric vehicle brand of Murugappa Group, has partnered with Ecofy to provide financing solutions for the purchase of electric three-wheelers. This collaboration aims to facilitate the adoption of electric vehicles in India and overcome the financial barriers that hinder their uptake. The growth of EV passenger vehicles and cargo vehicles in the country emphasizes the need for accessible financing options.