AMU Leasing, India’s only woman-led technology-driven NBFC business exclusively serving the EV ecosystem, aims to capture the untapped market in the cities that are emerging as potential hubs for EV financing.
The Electric Vehicle (EV) financing firm, headquartered in New Delhi, has plans to grow in 7 cities, Gorakhpur, Varanasi, Azamgarh, Lucknow, Karnal, Panipat, and Rohtak, in Uttar Pradesh and Haryana. It will expand to other cities in these states, the company said.
The objective of AMU Leasing is to assist India’s developing micro-enterprise and self-employment programmes for residents of tier-2 and tier-3 cities. By supporting the alternative fuel-based transportation sector, the company anticipates propelling revenue generation.
Nehal Gupta, Director, AMU Leasing, said, “We at AMU Leasing are thrilled to announce the expansion of our enterprise into the 7 cities of UP and Haryana. We believe that tier-2 and tier-3 cities possess the potential to emerge as profitable markets for EV financing which can improve livelihoods and uplift the economy. The company has recruited new employees. Hiring helps streamline business processes and provides an avenue to create expertise.”
“The cleantech financing industry is emerging and requires a mind-shift from conventional forms of financing. We look forward to working with individuals with strong business acumen who can pivot to different situations as per the market and industry eliminating the resistance to change. The penetration of young blood in the company helps in nurturing and creating a prolific environment that can prosper a firm on professional and commercial forefronts,” She added.
The firm aims to finance 1 million EVs by 2030. By financing their EVs, AMU Leasing helps manufacturers, enterprises, and retail customers achieve widespread adoption. The company plans to raise USD 10 million in debt and equity in the next 3 years.
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