Electric vehicle financing NBFC Accelerated Money for Upliftment (AMU) has set a target to reach an Assets Under Management (AUM) of Rs 400 crore by March 2027, with plans to scale further to Rs 600 crore by March 2028.
The lender expects its EV loan disbursements to grow between 35% and 40%, driven entirely by demand in the commercial electric vehicle segment. Commercial EVs currently constitute 100% of AMU's financing portfolio, which has expanded at a compound annual growth rate (CAGR) of approximately 38%.
AMU's EV Financing Reach Across Key States
The lender caters to fleet operators, individual entrepreneurs, and last-mile logistics providers deploying electric vehicles for passenger and cargo applications, across Uttar Pradesh, Madhya Pradesh, West Bengal, Bihar, and Haryana.
AMU CEO on Commercial EV Growth Strategy
"Electric commercial mobility is moving from an emerging opportunity to an increasingly mainstream segment," said Nehal Gupta, Chief Executive Officer of AMU. "Our strategy is to build a focused financing franchise that addresses the specific needs of commercial EV customers."