Solfin, a platform that finances renewable energy projects and has its own NBFC, proudly declared today that it has handed out more than ₹100 crore in solar loans in just nine months since starting. This remarkable achievement comes after securing a hefty ₹100 crore investment from Waaree Sustainable Finance Pvt Ltd, a part of the Waaree Group. The fintech company utilizes cutting-edge technology to offer quick online approvals and speedy disbursements for various solar projects, including residential rooftop installations, housing societies, and commercial and industrial ventures. Interested parties can access the digital lending platform at solfin.co.in.
Gautam Kaushik, who co-founded Solfin, remarked, “Reaching the ₹100 crore milestone in such a short timeframe really shows the increasing demand for dependable solar financing in the market.” The company officially kicked off its operations in August 2024 following approval from the RBI. Currently, Solfin is in early talks with potential venture and institutional partners who are interested in climate tech, fintech, and sustainable infrastructure. These partnerships aim to provide the necessary funds for expanding into new locations and creating more green financing products, such as electric vehicles and battery energy storage systems.
India’s solar industry has experienced significant growth, with the total installed capacity reaching 97.9 GW in 2024, including an impressive addition of 24.5 GW in the previous year. The country has set an ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030. Solfin, established by Gautam Kaushik and Pramod Mahanta, stands out as a platform dedicated to delivering green assets and providing financing solutions specifically tailored to sustainable infrastructure projects.
So, like, Solfin, this super cool renewable energy financing platform, has totally dished out over ₹100 crore in solar loans in just nine months. Can you believe it? They even got a massive ₹100 crore investment from Waaree Sustainable Finance Pvt Ltd, part of the Waaree Group. The platform is all tech-savvy and stuff, offering online approvals and quick disbursements for all sorts of solar projects. You can check out their digital lending platform at solfin.co.in.
Gautam Kaushik, one of the brains behind Solfin, said, “Hitting the ₹100 crore mark in such a short time is a clear sign that people are really into this whole solar financing thing.” The company started doing its thing back in August 2024 after getting the green light from the RBI. Right now, Solfin is chatting up potential partners in the venture and institutional world who are all about climate tech, fintech, and sustainable infrastructure. These partnerships are all about helping Solfin grow into new areas and cook up some fresh green financing products, like electric vehicles and battery storage systems.
India’s solar game has been strong, with almost 98 GW of capacity installed in 2024, including a whopping 24.5 GW added just last year. The country has its eyes set on achieving a massive 500 GW of non-fossil fuel capacity by 2030. Solfin, the brainchild of Gautam Kaushik and Pramod Mahanta, is all about delivering those green assets and financing options specifically designed for sustainable infrastructure.
