About the investment
Symbiotics, through its impact investment vehicles, has partnered with Mufin Green Finance Limited (“MUFIN”), a leading financial institution in India providing financing solutions for affordable electric mobility.

Investment rationale
MUFIN is a leading provider of financing solutions focused on affordable transport, with a particular emphasis on supporting the purchase of electric vehicles (mainly e-rickshaws) for commercial purposes in India. Approximately 66% of MUFIN’s loan portfolio consists of financing for EVs used by micro-entrepreneurs, supporting financial inclusion, affordable mobility, and climate action.

Impact rationale
MUFIN’s focus on financing electric vehicles increases access to clean and affordable transportation. The environmental and social impact is significant, given the scale of micro-entrepreneur driven transport in India, contributing to both improved air quality and livelihood opportunities.

Sustainable Development Goals
By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women, children, persons with disabilities and older persons.