Mufin Finance acquires APM Finvest for Rs 76 cr, aims to create EV financing ecosystem
Mufin Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles(EVs) market.
According to a report by the India Energy Storage Alliance (IESA), the Indian EV market will grow at a CAGR of 36 per cent by 2026. Pic: http://www.mufinfinance.com/, http://www.apmfinvest.com/, Reuters