Mufin Green Finance, India’s first listed pure-play EV financing NBFC, has secured $18 million in debt from a US-based DFI, with Dexter Capital as exclusive advisor, marking a significant step in its mission to scale sustainable mobility financing.
Dexter Capital was the exclusive advisor to Mufin Green Finance on Securing $18 Million Debt Funding from US-Based DFI.
This marked our 5th transaction in the current Financial Year and 2nd transaction in fintech and financial services vertical this year.
Kapil Garg, Founder of Mufin Green Finance, shared his experience of the partnership with Dexter Capital: “Working with Dexter has been a great pleasure for Mufin Green Finance. Their deep expertise in structured finance and unwavering commitment were instrumental in securing $18 million in debt funding from a US-based DFI. From strategic positioning to navigating complex regulatory and diligence processes, Rishabh demonstrated exceptional professionalism and insight at every stage. His ability to align our financing goals with the right international partner has significantly strengthened our capital structure and enabled us to scale our mission of driving sustainable electric vehicle adoption across India. We couldn’t have asked for a better advisor!”
Mufin Green Finance provides financing solutions focused entirely on the EV ecosystem, supporting income-generating opportunities through electric two- and three-wheelers. The company is currently present across multiple regions in India and continues to address the credit gap in clean mobility. Its efforts are aligned with national priorities around sustainable infrastructure and low-carbon growth.
Dexter Capital, which advised on the deal, is a boutique investment bank that specializes in early and growth-stage startup fundraising. With over 90 deals closed since its founding in 2013, Dexter has built a reputation for execution and market insight. The firm also operates Delta Investment Advisors and Dexter Ventures, targeting public markets and early-stage startups respectively.
