Follow us
F MEC International Financial Services and Finayo partner to disburse Rs 25 crore for EV financing
The disbursement, aimed at bolstering the EV ecosystem, will focus on expanding the EV network and accelerating sustainable mobility and financing in segments like 2-wheelers, 3-wheelers, and E-rickshaws.
5888 Views
F MEC International Financial Services Limited, a non-banking financial institution, has partnered with Finayo, to disburse Rs 25 crore in the next 12-18 month period, for bolstering EV penetration in the country.
Through this collaboration, F MEC and Finayo, an AI-powered SaaS technology platform for green mobility lending, aim to mitigate the financial bottlenecks in EV financing.
The disbursement will focus on expanding the EV network and accelerating sustainable mobility and financing in segments like 2-wheelers, 3-wheelers, and E-rickshaws.
A sum of Rs 10 crore and Rs 15-20 crore has been allocated for the first and second years respectively, while Rs 5 crore been earmarked for trade financing in the initial 12 months.
The disbursed funds will also contribute to reducing CO2 emissions by financing approximately 500 to 700 EV vehicles, including 2-wheelers and E-rickshaws, noted the press release.
RELATED ARTICLES
India’s Auto Boom Faces Risk as West Asia Conflict Disrupts Gas Supply Chains
Autocar Professional Bureau
19 Mar 2026
Executives across carmakers, suppliers, and dealerships told Reuters that early signs of supply chain stress are already...
India's Happiness Rate Falls 16 Points in a Year, Ipsos Survey Finds
Arunima Pal
19 Mar 2026
Globally, Indonesia recorded the highest happiness levels and Hungary the lowest.
BMW Group India to Increase Vehicle Prices by Up to 2% from April 1
Arunima Pal
19 Mar 2026
The company said the price adjustment is aimed at offsetting rising input costs, including higher logistics expenses and...
