TapFin Launches GoGreen Capital to Finance Clean Mobility and Renewable Energy

TapFin, an integrated sustainability platform, has launched GoGreen Capital, a Non-Banking Financial Company (NBFC), to finance businesses transitioning to renewable and sustainable energy. The company aims to address financing challenges in clean mobility, solar energy, and battery circularity by offering customized lending solutions.

GoGreen Capital, a wholly owned subsidiary of TapFin, is designed to provide financial support to startups, MSMEs, OEMs, EPCs, fleet operators, and commercial businesses pursuing sustainability initiatives. The NBFC will leverage TapFin’s proprietary platform, TapFin Hub, to enable efficient asset management, portfolio valuation, and ecosystem partnerships for better underwriting and credit assessment.

The launch of GoGreen Capital aligns with India's policy focus on sustainability financing. The 2025 Union Budget emphasizes the role of NBFCs in financial inclusion, particularly for MSMEs in sustainability-driven sectors. Initiatives such as the expanded Credit Guarantee Scheme and the National Digital Platform for MSMEs aim to improve access to capital for businesses adopting clean technologies.

GoGreen Capital's financial offerings include commercial asset loans, business loans, and leasing solutions tailored to the clean energy ecosystem. Its lending models will be structured around specific business needs, supply chain dynamics, and cost structures. The NBFC will collaborate with financial institutions and fintech platforms for co-lending opportunities, ensuring broader access to green financing across Tier 2 and Tier 3 cities.

TapFin executives emphasized the importance of providing accessible financial solutions to accelerate India's transition to a greener economy. The company’s leadership team brings over 40 years of experience in banking, credit, sales, and financial services to support GoGreen Capital’s operations.

India’s green financing landscape is evolving rapidly as businesses seek funding to support their transition to sustainable operations. Traditional lending models often fail to accommodate the unique cost structures and long-term return cycles of clean mobility and renewable energy ventures.

Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by offering flexible financing tailored to industry-specific needs. The government has introduced various policy measures, including credit guarantee schemes and digital platforms, to facilitate easier access to capital for sustainability-focused enterprises. As NBFCs like GoGreen Capital enter the market, financial solutions for clean energy adoption are expected to scale significantly.