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Solfin, a renewable energy financing platform with its own NBFC, has disbursed over ₹100 crore in solar loans within nine months of operations, the company announced today. The achievement follows a strategic ₹100 crore investment from Waaree Sustainable Finance Pvt Ltd, part of the Waaree Group.
The tech-driven financing platform offers online approvals and faster disbursements for residential rooftop installations, housing societies, and commercial and industrial projects through its digital lending platform at solfin.co.in.
“Achieving ₹100 crore in disbursements in such a short time is a testament to the market’s growing demand for reliable solar financing,” said Gautam Kaushik, Co-founder of Solfin.
The company, which began operations in August 2024 after receiving RBI approval, is currently in early discussions with venture and institutional partners focused on climate tech, fintech, and sustainable infrastructure. These funds will support expansion into new geographies and the development of additional green financing products, including electric vehicles and battery energy storage systems.
India’s solar sector has seen significant growth, with installed capacity reaching 97.9 GW in 2024, including 24.5 GW added last year. The country aims to achieve 500 GW of non-fossil fuel capacity by 2030.
Solfin was founded by Gautam Kaushik and Pramod Mahanta as a distributed green asset delivery and financing platform specifically focused on sustainable infrastructure.
Published on May 15, 2025
This article first appeared on The Hindu Business Line
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