New Delhi, 15 April 2025:
Following the acquisition of its first non-banking financial company license, India’s technology-driven sustainability platform, Tap Fin, has established GoGreen Capital as a fully owned subsidiary. This initiative aims to fund the transition of Indian businesses to renewable and sustainable energy sources, demonstrating Tap Fin’s commitment to sustainability.
Tap Fin, founded by Aditya Singh, Pramod Marar, and Terniza Berry, aims to transform access to financing by offering tailored lending solutions that meet the specific needs of businesses in this sector. The company previously raised $4 million in seed funding led by Elevar Equity.
GoGreen Capital, which will initially focus on clean mobility, solar energy, and battery circularity, will assist startups, MSMEs, OEMs, EPCs, fleet operators, and commercial enterprises in obtaining funding for their sustainability-related projects, thereby facilitating the transition to a greener economy.
GoGreen will leverage Tap Fin’s extensive knowledge and collaborations in the sustainability ecosystem. Tap Fin’s CEO, Aditya Singh, stated, “Our mission is to empower businesses through technology and financial solutions that drive significant change.” With the formation of GoGreen Capital, we broaden our vision to address a critical need in India’s green transition: access to financing. GoGreen Capital aims to unlock funding for businesses pursuing electric vehicles, solar energy solutions, battery circularity, and other sustainability goals by combining data-driven insights with tailored financial products.
Singh went on to say that the company’s goal is to close funding gaps, promote long-term growth, and aid India’s transition to a cleaner, more resilient economy.
Pramod Marar, Managing Director and CEO of GoGreen Capital, stated, “Access to affordable capital remains a significant barrier for businesses wishing to implement clean technologies. With GoGreen Capital, we hope to address this critical issue by offering tailored financing solutions for EV fleet operators, MSMEs, OEMs, and sustainability-focused businesses.”
Go Green plans to use ‘TapFin’s Hub’ for OEM and supplier whitelisting, real-time asset management and monitoring using advanced AI models, portfolio valuation, and disposal monetization to enable faster and more innovative market entry.
TapFin Hub is a technology-driven platform that provides ecosystem participants with access to advisory services, financing options, battery and vehicle management, a marketplace, and analytics, all with the goal of making the transition to renewable energy more efficient.
GoGreen Capital will provide commercial asset loans, business loans, and leasing solutions specifically tailored to the clean mobility, battery, and solar industries. Its lending products will consider different business models, cost structures, and supply chain dynamics, ensuring that sustainability-focused businesses receive tailored financing. The non-banking financial company (NBFC) will use TapFin’s platform to conduct data-driven underwriting and contextual credit evaluations based on novel insights such as vehicle usage patterns, battery analytics, ecosystem collaborations, and fleet management.
The team leads the NBFC with over 40 years of combined experience in banking, credit, sales, and financial services. GoGreen Capital will collaborate with financial institutions and fintech platforms to expand green financing options, including co-lending, ensuring that businesses in Tier 2 and Tier 3 cities have access to sustainable financial solutions.
