New Delhi: Accelerated Cash for U (AMU), has recorded 3X development in income in FY24 in comparison with the earlier yr. To scale this development and enhance profitability, it intends to lift INR 400 crore by FY26. The NBFC will use the capital to fund 1 lakh electrical automobiles over the subsequent three years and diversify its financing providing to increase its help to the broader clean-tech area.
By these efforts, the corporate seeks to cater to the financing wants of the cleantech house past electrical automobiles and generate a income of INR 130 crores in the identical interval. It additionally plans to broaden its presence in new areas, together with Assam, Bihar, Jharkhand, and Madhya Pradesh to attain its goal income of INR 75 crores in FY25, the corporate mentioned in a media launch.
Within the earlier monetary yr, the cleantech financing platform reported a income of INR 20 crore and raised INR 97 crore to help over 200 MSME partnerships, comprising particular person drivers, fleet house owners, logistics firms, and battery leasing initiatives. With recent income and funding, the NBFC goals to broaden its portfolio and improve AUM.
To safe the required funding the NBFC plans to discover financing choices, together with time period loans, NCDs, fairness, co-lending, enterprise debt, bonds, and influence funds.
Founder and MD of AMU, Nehal Gupta, mentioned, “As a number one clean-tech financing platform, we consider by making financing options extra various and inclusive we are able to help our nation’s strides in the direction of advancing inexperienced vitality. To help our imaginative and prescient, we plan to spice up our income, diversify our product providing, and help 1 lakh EVs within the subsequent three years. And, to attain the goal, we intention to lift INR 400 crore within the subsequent two years and generate a income of INR 130 crore in the identical interval. We additionally search new partnerships to help our imaginative and prescient of constructing clean-tech financing accessible to all.”
