By Mr. Abhay Ray 
Introduction
TapFin has launched GoGreen Capital aimed at supporting India’s clean energy mobility ecosystem through targeted lending and innovative financing. It will focus on financing businesses in sectors such as electric mobility, battery circularity and solar energy, helping startups, MSMEs, OEMs, EPC firms and fleet operators secure capital to grow in line with India’s green transition. With access to funding long seen as a major obstacle in adopting clean technology, this move addresses a critical gap but also sets high expectations in terms of delivery.
About Tapfin and GoGreen
“TapFin” Founded in 2023 by Aditya Singh, PramodMarar, and Terniza Berry,Topfin is a fintech startup focused on sustainable business financing, particularly within the cleantech and renewable energy sectors. It offers business loans, supply chain financing, and insurance solutions for companies transitioning to sustainable practices. The company recently launched GoGreen Capital, an NBFC, to further expand its green financing offerings.
GoGreen Capital, subsidiary of the TapFin Group, is a tech-led and sustainability-focused NBFC that is helping businesses accelerate their transition to greener and cleaner technologies. We are committed to driving sustainability by providing innovative & contextual financial solutions in the electric mobility, rooftop solar and battery circularity ecosystem.
Tapfin Introduce Eco-Focused NBFC amid Rising Climate Concerns
The NBFC will draw on the TapFin Hub, the company’s proprietary digital platform, to enable contextual credit assessments and data-driven underwriting. The platform monitors assets in real time using AI-based models, providing insights such as vehicle usage trends and battery health to build more informed and flexible lending strategies. GoGreen’s offerings are expected to cater to businesses across Tier 2 and Tier 3 cities as well, where access to green financing remains limited despite growing market potential.
In a statement, the fintech startup said that the NBFC will offer customised credit solutions to startups, small businesses, original equipment manufacturers (OEMs),engineering, procurement, and construction (EPC) companies, among others, for their sustainability-driven initiatives. Initially, GoGreen Capital will focus on catering to borrowers in clean mobility, solar and battery circulatory sectors. “GoGreen Capital will provide commercial asset loans, business loans, and leasing solutions tailored to the clean mobility, battery and solar ecosystems,” TapFin said in a statement.
He added that the startup plans to operationalise the NBFC later this month. The NBFC will leverage TapFin’s data-driven underwriting and contextual credit assessments, based on non-traditional insights like vehicle usage patterns, battery analytics, ecosystem partnerships, and fleet operations, to extend loans to borrowers. The launch of the NBFC will help TapFin trim the dependence on external platforms, lend capital from its own books, and establish an asset base.
Tapfin Launches GoGreen Capital to Drive Sustainable Financing
GoGreen Capital’s creation aligns with policy directions outlined in the 2025 Union Budget, which emphasised the role of NBFCs in financial inclusion and extended schemes like the Credit Guarantee Scheme for MSMEs. By integrating government priorities with private sector expertise, TapFin hopes to accelerate the adoption of electric vehicles and renewable technologies in India. According to Aditya Singh, TapFin’s CEO, the new NBFC is designed tobridge the financing gap that slows sustainable growth, combining data intelligence with financial access to support businesses aiming to reduce their carbon footprint.“We applied for the NBFC licence after we secured a $4 Mn seed round from Elevar Equity last year… in due course of time, we got the NBFC licence. We actually got it in early January… Now, over the last couple of months, we’ve been trying to put the budget in place, get the systems, get people on board, the policies, processes, and obviously funds,”
TapFin Hub offers companies access to advisory financing, battery and vehicle management, marketplace and analytics. The startup raised $4 Mn in its seed funding round from Elevar Equity in March last year. In the green financing space, it competes with the likes of Mufin Green Finance and Ecofy.
PramodMarar, MD and CEO, GoGreen Capital, noted that GoGreen would offer flexible lending frameworks that account for the specific business realities of the sectors involved. This includes taking into account supply chain limitations, high upfront capital costs, and non-linear revenue cycles typical in early-stage EV and solar projects. The initiative is positioned as a response to both market demand and regulatory encouragement, although its success will depend on execution across multiple fronts.
Conclusion
With the launch of GoGreen Capital, TapFin takes a significant step toward accelerating India’s green transition. By addressing financial barriers and offering accessible, flexible loans for electric vehicles and renewable energy projects, the NBFC is poised to make sustainable technologies more attainable. This move not only aligns with national climate goals but also empowers individuals and businesses to make eco-conscious choices without financial strain. As GoGreen Capital rolls out its services, it stands to play a pivotal role in shaping a cleaner, greener future for the country.
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